Yuzhou Properties Acquired Quality Parcel in Xinzhan District of Hefei at RMB700 Million

(10 July, 2015, Hong Kong) Yuzhou Properties Company Limited ("Yuzhou Properties" or the "Company", together with its subsidiaries referred to as the "Group"; stock code: 01628.HK), the leading Fujian‐based property developer, is pleased to announce that the Company successfully acquired a quality parcel of land in Xinzhan District of Hefei with site area of 49,126 sq.m., at a total consideration of RMB700 million. The parcel of land will be constructed as residential and commercial properties with a total GFA of 144,923 sq.m.. The average land cost in terms of GFA is RMB4,831 per sq.m..

The parcel in Xinzhan District is located in the provincial-level development zone with mature supporting facilities. The parcel also sits in school neighborhood zone with a number of schools being around, indicating its location advantages. Meanwhile, the parcel is in the transportation hub of Hefei, being only 1.8 km away from Hefei train station, and closely next to No.1 metro line. Being within the business district around train station, the parcel is close to all amenities.

In November 2014, the Group successfully acquired another quality parcel in the area of Xinzhan General Pilot Zone, which was named as "Yuzhou Central Town". The parcel acquired by Yuzhou Properties this time is adjacent to the "Yuzhou Central Town", which can enhance influence of Yuzhou Properties to the region. Meanwhile, the synergy effect of the parcels will contribute to achieving resource sharing, so as to realize cost reduction.

Mr. Lam Lung On, Chairman of Yuzhou Properties stated, "The successful acquisition of the parcels in Hefei indicates that we have been consistently implementing our grand target of 'Based in West Strait and Expand Nationwide Coverage in China'. The acquisition of land not only has replenished our quality land bank, but also further increase our market share in Hefei. In the future, we will continue to optimize superior resources, make the best of brand advantage, so as to further lay solid foundations for making steady progress in the West Strait Economic Zone, Yangtze Delta region, and Bohai Rim region."

About Yuzhou Properties

Yuzhou Properties Company Limited (01628.HK) is a leading property developer in the West Strait Economic Zone and is one of the largest property developers in Xiamen, in terms of land reserve and market share. Yuzhou Properties strives to become a leading property developer in China with a well-defined expansion strategy as to enhance its dominant market position in the West Strait Economic Zone and to establish footprints in the Yangtze River Delta Region and Bohai Rim Region respectively.

Established in 1994, Yuzhou Properties specializes in the development of high quality residential, retail and commercial projects. As at 10 July 2015, the Company had around 50 projects under various stages of development in Xiamen, Fuzhou, Quanzhou, Longyan, Shanghai, Hefei, Bengbu, Tianjin, Zhangzhou and Hong Kong. Sites measuring a total GFA of 9.15 million sq. m. are under development or held for future development. Those located in Xiamen measure a total GFA of 2.13 million sq. m and in Hefei measure a total GFA of 2.74 million sq.m. Known for its outstanding product quality and diversified product portfolio, strong brand awareness and its experienced management team, Yuzhou Properties has been named "Top 100 China Real Estate Enterprises" for ten consecutive years; and Top 50 China Real Estate Enterprises from 2011 to 2015. "Yuzhou" brand has been recognized by the State Administration for Industry and Commerce as a "Renowned Brand in China" and a "Famous Brand" by the Fujian provincial government and the Xiamen municipal government.

For more information about Yuzhou Properties, please visit the company's website: http://www.xmyuzhou.com.cn

Please feel free to contact us if you have any enquires:
Yuzhou Properties Company Limited (HKEX: 01628)
Manager of Corporate Finance & Investor Relations/
Assistant Manager of Corporate Finance & Investor Relations
Leo Yang/ Minnie Li
Tel ：(852) 2508 1718
Fax ：(852) 2510 0265
Email ：yangduo@xmyuzhou.com.cn/ minnie.li@xmyuzhou.com.cn
Yuzhou Properties Investor Relations QR Code:
/
Wonderful Sky Financial Group Holdings Limited (HKEX: 01260)
Connie Li/ Sylvia Deng
Tel ：(852) 2851 1038
Fax ：(852) 2598 1588
Email ：connieli@wsfg.hk/sylviadeng@wsfg.hk

Wonderful Sky Financial Group Holdings Limited (HKEX: 01260)
Connie Li/ Sylvia Deng
Tel ：(852) 2851 1038
Fax ：(852) 2598 1588
Email ：connieli@wsfg.hk/sylviadeng@wsfg.hk