Property Development Project in Tiexin Bridge of Yuhuatai District，Nanjing
Total site area of 23,475.91 square metres (“sq.m.”)
• It is located in the Yuhuatai District of Nanjing, adjacent to the Software Valley. Software Valley is China’s largest communication software industry R&D base and the first 100 billion level software industry base.
• This project is intended to build a complex of high-end office buildings,integrated commercial and boutique apartments, with a total planned area of 120,000 sq.m.. There will be at least 20,000 sq.m. of office buildings and 35,000 sq.m. for commercial purposes in the project for long-term holding and operation in the future.
• The Company has established a project company with Mingfa Group Nanjing Real Estate Development Co., Ltd. (“Mingfa Group”) in which the Company holds an equity interest of 49%. It is the first large property project to be invested and developed in the region after the Two Bridge project in Yuhuatai District, Nanjing. Upon completion of the project, the Company will receive property sales and rental income, as well as commercial and office buildings as long-term investment in property assets.