Jiayuan International (hereinafter referred to as the Group) just announced its operating data for the first month of 2019. The contracted sales amount increased by 122% year-on-year to approximately RMB1.05 billion, and the contracted sales area was approximately 90,300 square meters, representing an increase of 83%. During the period, the contracted sales price was approximately RMB 11,605 per square meter, representing an increase of 22% year-on-year.

In January 2019, the contract sales contribution mainly came from Yangzhou City, accounting for more than 45%; followed by Suqian City, accounting for 14%. Earlier, the Group successfully won the land plot of Yangzhou Hanjiang District with a total price of about RMB 350 million in the auction of land for listing on the state-owned land use right of Yangzhou City, further supplementing the value of the land in Yangzhou.

In view of the Group's contracted sales growth in January was better than expected, and some property projects in first-tier cities are expected to launch in the market during the year, laying the foundation for the successful completion of the annual sales target. In the future, the Group will continue to lay out value-added land and obtain high-quality land reserves at a lower premium to provide momentum for sustainable growth in the future.