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Integrated Business Platform Expansion

Summary Outstanding Sales Improved Financials Strong Team Details Achieved contracted sales of RMB128.8 billion with 21.5% growth amidst challenging operating environment • Core indicators continued to improve in 2014 despite of the high growth base in 2013 Effectively controlled total debt and optimized capital structure while the company scaled up, net gearing ratio down 7.6 percentage points to 59.7% •The Group successfully obtained first syndicated club loan and its financing profile continues to optimize, resulting in upgrades by rating agencies. Current credit rating is only one step away from "Investment Grade" A more cohesive core management team, and more sophisticated and professional management system • Strengthen training and talent reserve. Introduce high calibre and well educated talents from different background Platform • Introduced partnership scheme and improved the incentive system, realizing sharing of profits with the management and providing broader career outlook 31
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