Country Administration type Province 2 Population 93.9million (3rd largest in China) in 2011 Number of projects in the city 104.89million (largest by birth) in 2011 Urbanization Rate 40.6% in 2011, 38.8% in 2010 1 3 Area 167,000 km2 4 Capital 4 3 Governor (郭庚茂) Zhengzhou 4 th 4 GDP RMB 3.20 trillion in 2011, ranked 5 19 GDP Growth 11.7% in 2011 6 GDP per capita RMB 28,661 in 2011 5 Disposable Income per capita RMB 18,195 in 2011 1 Industry Agriculture, textiles, meat & food processing, 3 1 , petroleum, cement, coal mining, chemical industry, heavy machinery, electronics, commodity 3 trading, auto manufacturing, property & construction, tourism, financial services, high‐tech 3 1 Prefectural level Cities 18 major cities Nanyang County level Cities 108 cities Population of 1‐5Mn 21 cities 3 Population of 0.5‐1Mn 74 cities Population of less 0.5Mn 31 cities Contracted Sale RMB 220 billion in 2011 Henan Contracted Sale GFA 63 million sq.m. in 2011 Source: Company Data, Henan Annual Data Book Henan Contracted Sale ASP RMB 3,501 per sq.m. in 2011 GDP per Disposable Commodity Population GDP CCRE Projects Capita Income per Housing Well‐known City in 2011 Growth Industry Location Developed/Under (RMB) in Capita (RMB) ASP (RMB/sq.m.) Companies (Mn) in 2011 Development 2011 in 2011 in 2011

PV industry, North of Henan Anyang Iron & Equipment Province, adjacent Anyang Steel Inc. Guihua House, Forest 5.15 12.1% 28,806 18,686 2,675 Manufacturing, to Province 安阳 Henan Ancai Hi‐ Peninsula Steel and Tech Co.,Ltd. Production, Province Tourism

Coal mining, North of Henan, Hebi Hebi Coal group、 1.58 12.9% 31,763 17,255 2,794 Food adjacent to Forest Peninsula 鹤壁 Doyoo Group production Anyang

Aluminium Production, Jiaozuo Wanfang Northwest of Forest Peninsula, Jiaozuo 3.53 13.3% 40,810 18,005 2,814 Auto Parts and Aluminium, Henan, adjacent Code One City, Forest 焦作 Accessories, Aeolus Tyre to Shanxi Province Peninsula Tourism Iron & Steel Jiyuan Iron & West of Jiaozuo, Landmark, Forest Jiyuan Production, Steel Group, 0.68 14.8% 55,095 18,821 2,717 adjacent to Shanxi Peninsula, Code One 济源 Lead & Zinc Henan YuGuang Province City Production Gold &Lead

Source: Company Data, Henan Annual Data Book Commodity GDP per Disposable Population GDP Housing CCRE Projects Capita Income per Well‐known City in 2011 Growth ASP Industry Location Developed/Under (RMB) in Capita (RMB) Companies (Mn) in 2011 (RMB/sq.m.) Development 2011 in 2011 in 2011

Tourism, Air Kaifeng Air Separation Separation East of Zhengzhou, Kaifeng City Garden, Forest 4.66 12.9% 22,972 15,558 3,085 Equipments, Group, Kaifeng South of Huanghe 开封 Peninsula Biomedical, Pharmaceutical River Education Group

Luohe Luohe Food & Sausage, Shuanghui, The central of Forest Peninsula, 2.55 13.2% 29,487 16,997 2,278 漯河 Papermaking Luohe Yinge Henan Code One City Group First Tractor Tourism, Machinery Company, Forest Peninsula, Manufacturing, Luoyang Float Gentlest Lake, Golf Silicon Carbide Luoyang Glass, CITIC West of Garden, Code One 6.57 12.5% 41,198 20,163 3,595 Products, 洛阳 Heavy Industries Zhengzhou City, Huayang Molybdenum Corporation, Square, Kaixuan Production, Luanchun Square Education Molybdenum Bio‐energy, Chinese Tianguan Group, Southwest of Medicine, Jade Green Garden, Nanyang Henan Wanxi Henan, adjacent 10.13 11.2% 21,590 17,289 2,630 Processing, Taohua Island, 南阳 Phamaceutical to and Agriculture (wheat, Forest Peninsula Corporation Province cotton) Source: Company Data, Henan Annual Data Book Disposable Commodity GDP per Population GDP Income per Housing CCRE Projects Capita Well‐known City in 2011 Growth Capita ASP Industry Location Developed/Under (RMB) in Companies (Mn) in 2011 (RMB) in (RMB/sq.m.) Development 2011 2011 in 2011 Coal & Chemical China Pingmei Industry, Forest Peninsula, Shenma Group, Pingdingshan Electric Power, South of Sweet‐Scented 4.92 10.8% 30,227 18,348 2,881 Yaomeng Power Plant, 平顶山 High Grade Zhegnzhou Osmanthus, Wugang Wugang Iron & Steel Steel Forest Peninsula Corporation Production Petroleum Oil & Chemical Exploration Northeast of Puyang Industry, Corporation, Puyang Henan, adjacent to 3.56 12.1% 25,066 17,228 2,720 City Garden, Jianye City 濮阳 Refractory Refractories Group Shangdong and Production Hebei Province

Coal & Chemical Green Garden, West of Henan, Industry, Gold Yima Coal Landmark, Lakeside Sanmenxia adjacent to 2.24 12.8% 46,049 17,062 2,520 Mining and Corporation, Lingbao Square, Forest 三门峡 Shaanxi and Shanxi Non‐ferrous Gold Corporation Peninsula, Code One Province Metals Industry City

Coal & Chemical East of Henan, Green Garden, Forest Henan Coal and Shangqiu Industry, adjacent to , Peninsula, Sweet‐ 7.36 11.8% 17,779 16,151 2,897 Chemical Group, 商丘 Agriculture Shangdong and Scented Osmanthus, Henan Shenhuo Group (wheat, cotton) Province U‐Town

Source: Company Data, Henan Annual Data Book Disposable Commodity GDP per Population GDP Income per Housing CCRE Projects Capita Well‐known City in 2011 Growth Capita ASP Industry Location Developed/Under (RMB) in Companies (Mn) in 2011 (RMB) in (RMB/sq.m.) Development 2011 2011 in 2011 Henan Xinfei Electric Refrigeration Corporation, Hualan Equipment, Biological Engineering North of Biomedical, Precise Incorporation, Henan, Green Garden, Forest Xinxiang 5.66 14.6% 26,198 17,988 2,663 Copper Tube, Golden Dragon Precise adjacent to Peninsula, Code One 新乡 Chemical Fiber Copper Tube Group, Huanghe City Industry, Fertiliser Xinxiang Bailu Chemical River Production Fiber Corporation, XLX Fertiliser Corporation South of Livestock Huying Agriculture Henan, Processing, Forest Peninsula, Xinyang Corporation, Lingrui adjacent to 6.11 11.1% 20,603 15,271 2,698 Medicine Industry, Nanwan Yanwei Island 信阳 Pharmaceutical Anhui and Agriculture (rice, Project Corporation Hubei tea) Province Equipment Manufacturing, XJ Group, Huanghe The central of Xuchang Forest Peninsula, 4.30 14.7% 36,924 17,503 2,974 Electric Power, Enterprises, Rebecca Henan, south 许昌 Xuchang project Synthetic Diamond, Hair of Zhengzhou Hair‐wig Products

Source: Company Data, Henan Annual Data Book Disposable Commodity GDP per Population GDP Income per Housing CCRE Projects Capita Well‐known City in 2011 Growth Capita ASP Industry Location Developed/Under (RMB) in Companies (Mn) in 2011 (RMB) in (RMB/sq.m.) Development 2011 2011 in 2011 Jinshui Garden, Jianye City Garden, Jianye Champagne Transportation, Group, Garden, Jianye Forest Exhibition/Conve Sinian Foods, Capital of Peninsula, Maple Garden, ntion Centre, Auto Sanquan Foods, Henan, Xiangsheng Garden, Code Zhengzhou Industry, Food 8.86 13.2% 56,855 21,612 3,501 Nissian North International, Code One City, 郑州 Industry, Tourism, (Zhengzhou), Central of U‐Town, Shangjie Forest Financial Service, Henan Peninsula, The Five Buildings, Education, Textile, (Zhengzhou) Code Two City, Yulin Road Hi‐tech Industry Project, Jianzheng Oriental Center Henan Lianhua Southeast of Food Production, Monosodium Henan, Zhoukou 8.95 10.6% 15,734 14,583 2,350 Agriculture Glutamate, adjacent to Forest Peninsula 周口 (wheat, cotton) Henan BangJie Anhui Industry Group province

Henan Topfond South Pharmaceutical Medicine, Food Central of Corporation, Zhumadian Production, Henan, Green Garden, Forest 7.08 11.3% 17,396 15,795 2,306 Wangshouyi 驻马店 Agriculture adjacent to Peninsula, Jianye 18 Cities Thirteen (wheat, cotton) Anhui Condiments Province Group

Source: Company Data, Henan Annual Data Book DISCLAIMER This document has been prepared by Real Estate Limited (the "Company") solely for use at this presentation held in connection with investor meetings and is subject to change without notice. The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented. The Company, its affiliates, or any of their directors, officers, employees, advisers and representatives accept no liability whatsoever for any losses arising from any information contained in this presentation or otherwise arising in connection with this document. This presentation does not constitute or form part of, and should not be construed as, an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction, and no part of this presentation shall form the basis of or be relied upon in connection with any contract or commitment. No securities may be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. No public offering of any securities is to be made by the Company in the United States. Specifically, this presentation does not constitute a “ prospectus " within the meaning of the U.S. Securities Act of 1933, as amended. By accepting this document, you agree to maintain absolute confidentiality regarding the information contained herein. The information herein is given to you solely for your own use and information, and no part of this document may be copied or reproduced, or redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization/firm) in any manner or published, in whole or in part, for any purpose. The distribution of this document may be restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.