Investor Presentaiton

Increasing diversified revenue with stable cash flow Gradually increases portfolio in investment properties and other assets to increase diversified revenue and generate stable cash flow A Major investment properties (shopping mall, office) Increasing diversified revenue (RMB mn) Project Location Occupancy Product GFA rate type(1) (sqm) CAGR in 2020-2023: approx.50% 1 Guangzhou Panyu Aoyuan Plaza Panyu, Guangzhou 99% C, R 80,500 2 Guangzhou Luogang Aoyuan Plaza Huangpu, Guangzhou 100% C, R 34,600 3 Guangzhou Aoyuan City Plaza Panyu, Guangzhou 98% C, R 13,800 325 4 Zhuhai Aoyuan Plaza Zhuhai, Guangdong 98% C, R 65,000 5 Jiangmen Aoyuan Plaza Jiangmen,Guangdong 88% C, R 62,500 2020 2021E 2022E 2023E 6 Beijing Kinghand Building Beijing 71% о 9,500 7 Chongqing Panlong Aoyuan Plaza Chongqing 98% 8 Chongqing Chayuan Aoyuan Plaza Chongqing 100% C, R 47,200 C, R 51,600 Guangzhou Aoyuan Int'l Centre Aoyuan Sheraton Guangzhou Guangzhou Panyu Aoyuan Plaza Guangzhou Luogang Aoyuan Plaza 9 Hefei Aoyuan City Plaza Hefei,Anhui 93% C, R 21,800 10 Guangzhou Aoyuan Kangwei Plaza Zengcheng, Guangzhou Leasing 11 Chongqing Aoyuan The Metropolis C, R 52,600 Chongqing Leasing C 19,300 12 Chengdu Chenghua Aoyuan Plaza Chengdu, Sichuan Leasing C, R 31,400 13 Zhuhai Aoyuan Int'l Business Centre Zhuhai, Guangdong 14 Shanghai Aoyuan Beauty Valley Leasing Shanghai Leasing C, O 51,200 91,400 Zhuhai Aoyuan Plaza Guangzhou Aoyuan City Plaza Major asset types (hotel, cultural tourism) Location Status Product type(1) 不腻家 Project 1 Aoyuan Sheraton Guangzhou 2 Yingde Aoyuan DoubleTree by Hilton Hotel Panyu, Guangzhou Qingyuan, Opened International brand hotel Opened Guangzhou 3 Panyu Aoyuan Golf Hotel 4 Aoyuan Yingde Chocolate Park 5 Aoyuan Yingde Quanlin Water World 6 Aoyuan Yingde Tea and Chocolate Town Museum+ outdoor theatre Note (1): C Commercial; R = Retail shop; O = Office building; I = Industry R&D Panyu, Guangzhou Qingyuan, Guangzhou Qingyuan, Guangzhou Qingyuan, Guangzhou Opened Opened International brand hotel Self-owned brand hotel Theme park+ Chocolate factory Aoyuan Yingde Chocolate Park Aoyuan Yingde Chocolate Kingdom Aoyuan Yingde Tea and Chocolate Town Water park+ Opened hot spring Opened (All are actual images) 28

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