Jiayuan International (hereinafter referred to as the Group) just announced the contract sales data for July. The monthly sales increased by 253.7% year-on-year to RMB 1.652 billion. The results are encouraging. The Group's accumulated contracted sales from January to July 2018 was RMB9.01 billion, an increase of 107.6% over the same period of 2017; the accumulated sales area was approximately 856,000 square meters, up 66.5% year-on-year; the average selling price was RMB 10,521 yuan per square meter.

In the first seven months, sales from the Yangzhou region accounted for approximately 59% of the total sales. Under the market environment where local residents' willingness to purchase houses continues to be strong, the Group accurately grasps the driving rhythm of multiple real estates located in the jurisdiction of the three major cities in Yangzhou, adopts an aggressive marketing strategy, and repeatedly sells the sales performance again to confirm the Jiayuan brand deep plowing. Yangzhou has a good reputation for fifteen years.

In view of the Group's contracted sales growth in the first half of the year was better than expected, and some first-tier cities are expected to launch the market during the year, the Group expects to exceed the original sales target for the whole year.