Latest Projects the Group Acquired Two Sites at Shanghai's Songjiang

HKSE Stock Code: 960 Latest Projects  The Group acquired two sites at Shanghai’s Songjiang district on 25 December. Both sites are conveniently located in the central part of Songjiang district and within just a 40-minute drive from Shanghai Hongqiao International Airport. The Songjiang newtown plot, located within 500m of the Songjiang University Station along metro line no.9, offers a comfortable neighborhood with its well-developed facilities. Detail of two plots are as below: Hangzhou Chunjiang Central 1) The Songjiang newtown plot, spanning 38,400 sq.m. with a GFA of 96,000 sq.m, was acquired for RMB404 million with an accommodation value of RMB 4,203 per sq.m. The project will be developed into a regional commercial community; 2) The Songjiang Yongfeng Plot, spanning 27,000 sq.m. with a GFA of 37,800 sq.m., was acquired for RMB326 million with an accommodation value of RMB 8,630 per sq.m. The project will be developed into a residential area comprising high-rise apartments and retail shops.  The Group acquired a Chongqing Keyuan Road site for RMB536 million on 26 December at base price, with an accommodation value of RMB 5,300 per sq.m. The site is located at the well-developed Yuzhong district,

the core urban area of Chongqing, which has a large population, Chongqing 1st Avenue convenient transportation and well-developed facilities. It lies within a 10-minute drive from the Group’s Time Paradise Walk shopping mall. Spanning16,900 sq.m. with a GFA of 101,100 sq.m., the site will be developed into an integrated commercial center .  The Group acquired a Hangzhou Xingyi site for RMB 824 million on 29 December at base price, with an accommodation value of RMB 7,505 per sq.m. The site has convenient transportation and is located in the key development area of Qianjiang Nanan, only 1 km distance from Binjiang district government, Qianjiang viaduct and Olympic sport center. It spans 39,200 sq.m. with a GFA of 109,800 sq.m. and will be developed into a residential community comprising high-rise apartments targeted at the first and first upgrade buyers.

Beijing Changying Paradise  The Group acquired a Beijing Kandan Road site on 29 December at base price, located outside the South Western Third Ring Road of Beijing and Walk in the central part of Fengtai district. The site is near two metro lines and the Capital University of Economics and Business, with access to well-developed education, lifestyle and commercial facilities. Spanning 20,100 sq.m. with a GFA of 45,300 sq.m., the site was acquired for RMB550 million with an accommodation value of RMB 12,148 per sq.m. It will be developed into a regional commercial center.

Investor Relations Contacts: Longfor Properties Co. Ltd. Hill + Knowlton Strategies Asia Tyche SHI, Head of Investor Relations Center Daphne Chan, Director Stephanie Gu, Investor Relations Specialist T: (8610) 8466 1882 / (8610) 8466 4468 T: (852) 2894 6217 / 6096 8656 E: [email protected] E: [email protected]

HKSE Stock Code: 960 Company News  On 15 December, the Group obtained shareholder approval with an over 99.9% approval rate at an EGM to acquire a 8.7% stake in Chongqing Longhu Development Co. Ltd. from two of its major shareholders, through the allotment and issuance of new shares. The acquisition will give the Group a more streamlined and transparent shareholding structure and further enhance the Group’s operating efficiency.  On 31 December, Dagong Global Credit Rating, the credit rating authority Hangzhou Chunjiang Central in China, assigned a AAA rating with stable outlook to both Longfor Properties and Chongqing Longhu Development, representing the best credit rating in China. This will strengthen Longfor’s financing capabilities and support the expansion of the Group’s domestic financing channels.  On 20 December, Beijing Changying Paradise Walk (approx. 224,000 sq.m.) commenced operation with over 90% of leasing ratio and over 210,000 of customer visits, marking the entry of Longfor Paradise Walk Shopping mall into the Tier 1 cities of China; On 4 December, Chongqing Time Paradise Walk - Phase II (approx. 157,000 sq.m.) commenced operation with over 700,000 of customer visits in the first 4 opening days.

Sales Overview  As at the end of December, the Group achieved total contracted sales of Chongqing 1st Avenue RMB 49.05 bn, representing y-o-y growth of 2%; contracted sales in terms of GFA amounted to 4.541 mn sq.m., representing y-o-y growth of

7%. In December, the Group recorded contracted sales of RMB5.48bn, representing y-o-y growth of 65%; contracted sales in terms of GFA amounted to 510,000 sq.m., representing y-o-y growth of 92%.

2014 Contracted Sales - Regional Breakdown： Yangtze Central Southern (RMB mn) Western Pan Bohai Rim River China China Contracted 16,830 13,870 15,780 800 1,770 Sales

(All figures above are unaudited)

Beijing Changying Paradise Walk