?For Immediate Release?

Yuzhou Properties Made A Clarification Announcement About the "Placing" And Announced Its RMB8 Billion Full Year Target Indicating A 60.0% YOY Increase

(24 January 2013, 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 made a clarification announcement about the "Placing" of Harmonic Winner Limited and Lin Meiyu. The Company is not a party to the Placing. Save as being a shareholder of the Company, each of Harmonic and Ms. Lin does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company. Upon completion of the Placing, Harmonic and Ms. Lin no longer hold any shares of the Company.
The Board does not expect the Placing to have any material impact on the business or operations of the Company and its subsidiaries.
Besides?the Company announce its contracted sales target for the full year of 2013 will be RMB8 billion, with an increase of 60.0% from the Group's contracted sales target of RMB5 billion in 2012.
As at 23 January 2013, the Company recorded a total contracted sales of more than
600 million RMB, which is equal to the sum of the sales in January and February of
2012 and the average sales price has also increased. The sales price of Yuzhou Shoreline has increased from 11,500 RMB in early 2012 to 16,000 RMB and the sales price of Yuzhou Central Coast has increased from 8,500 RMB in early 2012 to 13,000
RMB as the growth profit margin has also increased. The liquidity is very healthy as well. The company has more than 4 billion RMB in cash and will keep the net debt ratio remains below 60%.
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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 24 January 2013, the Company had over 30 projects under various stages of development in Xiamen, Fuzhou, Quanzhou, Shanghai, Hefei, Bengbu and Tianjin. Sites measuring a total GFA of over 7.0 million sq. m. are under development or held for future development. Those located in Xiamen measure a total GFA of 2.2 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 seven consecutive years; and Top 50 China Real Estate Enterprises in both 2011 and 2012. "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? Wonderful Sky Financial Group Holdings Limited (HKEX: 1260) Echo Hu/ Kevin Mao/ Tracy Qian/ Mocha Du
Tel ??852?2851 1038
Fax ??852?2598 1588
Email ?echohu@wsfg.hk/ kevinmao@wsfg.hk/ tracyqian@wsfg.hk/
mochadu@wsfg.hk

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