Yuexiu Property Company Limited announced unaudited sales results for the month and year to date ended December 31, 2017. For the month, the value of the company's contracted sales (including contracted sales by joint venture projects) amounted to approximately RMB 4,962 million, representing a year-on-year increase of approximately 47%. The corresponding gross floor area (GFA) amounted to approximately 201,400 sq.m., representing a year-on-year decrease of approximately 14%.

For the year to date, the value of the aggregate contracted sales (including contracted sales by joint venture projects) of the company for the period from January to December 2017 (Accumulated Contracted Sales) amounted to approximately RMB 40,869 million, representing a year-on-year increase of approximately 35%. The corresponding GFA of the accumulated contracted sales amounted to approximately 2,220,100 sq.m., representing a year-on-year decrease of approximately 7%. As at 31 December 2017, the value of preliminary sales (the formal sales contracts
that are expected to be entered into soon) (preliminary sales) is approximately RMB 455 million, and the GFA of the preliminary sales is approximately 20,500 sq.m.

The value of the accumulated contracted sales accounted for approximately 114% of the 2017 contracted sales target of RMB 36 billion.