A few days ago, the market misquoted unconfirmed reports that the company's stock price and trading volume fluctuated abnormally. Yesterday, the company has issued a clarification and confirmed the $350 million senior notes due on January 17, 2019, and has repaid all the payments as scheduled.

After the opening of the Hong Kong stock market today, a large number of buying from the market surged, showing that the undervalued value of the company was released again, reflecting the market's confidence in the company's development prospects. The strong support force stimulated the company's stock price to rebound sharply. Before the market closed at noon, the stock price has risen sharply from the low level by 99.2% to a maximum of HK$5.02 per share.

According to the announcement, the contracted sales of the Group for the whole year of 2018 reached 20.18 billion yuan, up 94.6% from 10.37 billion yuan in 2017; the annual contracted sales area was 1.787 million square meters, up 51.8% from last year. At the same time, the Group accelerated the pace of its business expansion and acquired its privately held property management company from Mr. Shen Tianqing, in order to further enhance the Group's profitability and develop a diversified property management business.

As of June 30, 2018, the Group has a land bank of approximately 9.8 million square meters, mainly distributed in Guangdong, Hong Kong and Macau, Dawan District, the Yangtze River Delta region and other key capital cities and countries along the Belt and Road. During the 2018 period, the Group's newly added cities include Hong Kong, Shanghai, Jiangmen, Guiyang, Urumqi and Cambodia. 2019 will be a year full of opportunities and challenges. The Group will surely continue to work hard to continue the growth momentum of previous years and continue to strive for the next milestone.