Integrated Business Platform Expansion

Financial Overview: Costs Costs and net profit (as % of Revenue) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2010 SG&A (as % of contracted sales) 2011 2012 2013 2014 ■ Administrative Expenses ■Selling and Marketing Costs Total 7.9% 5.7% 6.0% ■Net Profit Income Tax ■Finance Cost Administrative Expenses Selling and Marketing Costs Other Cost Land Appreciation Tax Business Tax Construction Cost Land Cost 5.8% 4.4% 4.6% 2.6% 4.1% 3.3% 1.9% 2.5% 3.1% 3.3% 1.9% 2.5% 2010 2011 2012 2013 2014 7

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