Our Growth with Substance, Balance and Momentum

CIFI Holdings (Group) Co. Ltd. 2018 Annual Results Presentation Disclaimer

This presentation may contain forward-looking statements. Any such forward-looking statements are based on a number of assumptions about the operations of CIFI Holdings (Group) Co. Ltd. (the “Company”) and factors beyond the Company's control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from these forward-looking statements. The Company undertakes no responsibility to update these forward-looking statements of events or circumstances that occur subsequent to such dates. The information in this presentation should be considered in the context of the circumstances prevailing at the time of its presentation and has not been, and will not be, updated to reflect material developments which may occur after the date of this presentation. The slides forming part of this presentation have been prepared solely as a support for oral discussions about background information about the Company.

This presentation also contains information and statistics relating to the China real estate industry. The Company has derived such information and data from unofficial sources, without independent verification. The Company cannot ensure that these sources have compiled such data and information on the same basis or with the same degree of accuracy or completeness as are found in other industries. You should not place undue reliance on statements in this presentation regarding the China real estate industry. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of any information or opinion contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. Information and opinion contained in this presentation may be based on or derived from the judgment and opinion of the management of the Company. Such information is not always capable of verification or validation.

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01 02 Results Highlights Financial Performance

03 04 Outlook Appendices

Chongqing | Waves River 01 Results Highlights

Suzhou | To Be By Your Side Highlights of 2018 Annual Results

▪ Acquired 93 new projects, adding GFA of 12.40M ▪ Contracted sales RMB152B, up 46% sq.m. with saleable resources of RMB220B Sales ▪ Exceeded FY sales target by 9% Land- ▪ Entered 15 new cities, land bank covering 55 cities ▪ Contracted sales contributed by over 195 projects in Banking ▪ Captured recent market opportunities to replenish quality land at low cost, with high attributable 44 cities interest

▪ Gross profit margin: 34.7% (non-GAAP, excl. accounting effect of financial consolidation of subsidiaries), core net profit margin: 13.1% ▪ Recognized revenue: RMB42.4B, up 33% Growth Profitability ▪ Core ROE remained at a high level of 23.8% ▪ Core net profit: RMB5.54B, up 36% ▪ High dividend payout: final dividend of 23 HK cents per share, bringing the total dividend to 30 HK cents for FY, up 30%

▪ Saleable resources RMB350B in 2019, of which 87% st nd nd came from 1 -, 2 - & quasi 2 -tier cities ▪ Average interest cost: 5.8% ▪ Annual contracted sales target in 2019: RMB190B Financial Abundant ▪ Net gearing ratio: 67%; cash-on-hand: RMB44.6B ▪ Total land bank amounted to 55.00M sq.m. with Strength saleable resources of RMB800B, of which 91% ▪ Short-term debts proportion reduced to 17% located in 1st-, 2nd- and quasi 2nd-tier cities

▪ “Aon Best Employers - China” for two consecutive ▪ Received 68 awards in Kinpan Awards years ▪ Implemented CIFI-5, tailoring for “all-age group” ▪ Integrated city property operator Product Platform ▪ Full cycle quality control, implementing CIFI 2.0 ▪ Superior platforms value: development program Ever Sunshine lifestyle services + Lingyu (rental housing)+ CIMI (commercial property management)

4 Contracted Sales of RMB152.0B Exceeds the Full Year Sales Target

Contracted Contracted Contracted Sales GFA ASP RMB152.0B 9,600,000 sq.m. RMB15,900/sq.m. +46% +52% 152,000 18,200

16,500 9,569 15,900 14,700

104,000

6,292

53,002

2,916 30,210 2,056

2015 2016 2017 2018 2015 2016 2017 2018 2015 2016 2017 2018 (RMB M) (’000 sq.m.)

*Including contracted sales at joint ventures and associate companies 5 Contracted Sales: Balanced Geographical Portfolio & Enhanced Management Capabilities

2018 2017

44 Cities | 195 Projects RMB15,900/sq.m. 28 Cities | 130 Projects RMB16,500/sq.m. RMB152.0B RMB104.0B Greater Bay Nanjing Greater Bay Area metropolis Others Nanjing Area 1% 3% 1% metropolis 5% Zhejiang Central 4% Central 16% China China 5% Zhejiang 21% 8% Shandong 8% Shandong 8% Western Pan-Bohai Rim China (Excl Shadong) 9% Greater 16% Pan-Bohai Rim Shanghai (Excl Shandong) Circle Greater 14% 9% Shanghai Circle Suzhou and 11% Western Hefei and Southern Suzhou Suzhou and Hefei and China Jiangxi 9% Southern Jiangxi 15% 13% 11% Contribution of Suzhou new cities 14% By Region By Region Chongqing, Qingdao, Wenzhou

Yangtze River Delta 48% Yangtze River Delta 62% Pan-Bohai Rim 24% Flat management structure Pan-Bohai Rim 22% Central & Western China 23% Sales exceeded RMB10B Central & Western China 14% Southern China 5% in regional groups Southern China 2% Zhejiang exceeded RMB20B 6 Including contracted sales at joint ventures and associate companies 7 2017 purchasers purchasers and upgraders’ upgraders’ and time time - first residential demand residential Optimized Product Mix Product Optimized of Balanced the product mix mix product the Balanced residential residential 57% 54% Upgraders' Upgraders' Residential Residential Upgraders' Upgraders' Residential Residential ities with C time time time time - - 37% 36% tier 7% - First First Residential Residential Purchasers Residential Residential Purchasers 9% nd Office/Commercial Office/Commercial 2 and & & Office/Commercial Office/Commercial cities - tier - sive tier tier nd , Dongguan, Foshan, WenzhouFoshan, Dongguan, , - 2nd - Exten Nantong on 1st quasi Focus on 2 on Focus Geographical Coverage Geographical tier cities tier tier cities tier - - 65% 80% Second Second tier tier tier tier - - 13% : Yantai, Wuxi, Changzhou, Xuzhou, Xuzhou, Changzhou, Wuxi, Yantai, : 15% cities cities - tier tier - First First Product Mix 16% cities Quasi tier tier Second - cities includecities - tier tier 2% - - cities tier tier - 6% Third cities 3% Third Quasi Second tier cities tier

Second

2018 -

Optimized Contracted Sales: Focus Quasi ＊ Land-banking: Acquired 93 Projects & First Forays into 15 Cities with Good Potential

2018 New Land Bank

Attributable New Saleable GFA Committed Land Cost Resources Average Land Cost 12.40M sq.m. RMB41.0B RMB220B RMB6,190/sq.m.

Expanding market coverage in Shandong by entering the markets of Pan-Bohai Yantai, Weifang, Jining, Zibo Rim

First entered into Nanchang, Xuzhou, Changzhou, Nantong, First forays into Guiyang and Central & Wuhu, Taizhou, Quzhou Yangtze Yinchuan Western River Delta China

Enhancing business presence in Southern Guangdong and Fujian by entering China the markets of Jiangmen and Quanzhou 8 Land Acquisitions in 2018: Regional Expansion & Grasp the Cycle of Land Market

Capture the Cycle of Land Market Enhanced Geographical Coverage & Market Penetration

Diversify the risk of high land cost; Increased the Seized the opportunities of new urbanization attributable interest at appropriate time

2018 By Region (% of Total Attrib. Land Costs) 2017 By Region (% of Total Attrib. Land Costs)

Nanjing Suzhou and Others metropolis Southern Others 4% 3% Suzhou Pan-Bohai Rim (Excl Central Zhejiang 2% 3% Shandong) China 20% Hefei and4% Nanjing 15% Jiangxi metropolis 4% 7% Pan-Bohai Greater Bay Area Rim (Excl Shandong) 8% 7% Western China 14% Greater Bay Hefei and Area Jiangxi Western China 8% 8% 15% Greater Shanghai Greater Circle Central China Shanghai 9% Suzhou and 14% Circle Southern Shandong 9% Shandong Suzhou Zhejiang 11% 10% 14% 10%

9 Land Acquisitions in 2018: Increased Market Penetration & Attributable Interest

Increased Attributable First-tier cities Interest on Land 5% Acquisitions 54% Third-tier Attrib. to JV cities Second-tier Partners Attrib. to CIFI 29% cities 46% 54% 47% Quasi- Second-tier cities Optimized Land Bank M ix 19% Increased penetration in 2nd- tier & quasi-2nd-tier cities

Following market trend, higher proportion of first upgrade Private Office demand products M&As 5% 11%

Upgrade 35% First-Purchase/ Public First-upgrade Channels 60% 89%

10 % of total attrib. land cost Captured Recent Market Windows to Acquire Quality Land at Low Land Premium and High Attributable Interest

Low Land Premium Average land 2019.01 Shenyang premium of new land Huanggu District bank since 18Q4 <20% 2019.01 Tianjin

High Binhai New Area Attributable Pan-Bohai Rim Interest Average attrib. interest of new land bank since 18Q4 >75% 2019.01 Wuhan Suzhou, Hangzhou, Central & Hefei & Nanchang Land acquisition in Yangtze Western China River Delta Guanggu New Area Numbers of with a GFA of 500,000 Abundant quality projects sq.m. at a reserve price Saleable Resources Nanjing, Yinchuan, Newly acquired Kunming etc. Guangdong- Further gaining Hong Kong- saleable resources foothold in Macao Greater since 18Q4 Newly enter at reasonable GBA land price Bay Area RMB55B Acquired over 1M sq.m. GFA in 2018

11 Abundant & Quality Saleable Resources in Prime Regions

Nanjing metropolis Others Hefei and 1% Jiangxi 5% Pan-Bohai Rim (Excl 6% Shandong) Saleable 19% Resources Central in 2019 China 8% RMB350B Greater Shanghai Circle Western China 8% 13% Number of cities Suzhou and Southern 50+ Suzhou 9% Zhejiang Proportion of 1st-, 11% Shandong 2nd & quasi-2nd-tier 10% Greater Bay Area cities 11% 87%

First-tier cities 20%

Sales Target Third-tier cities in 2019 13% Second-tier cities 55% Quasi- RMB190B Second-tier cities (By Price) 12% +25%

12 Land-banking: Nationwide Coverage & Further Gaining Strategic Foothold in Major Areas Land Bank with Approved Total Land Bank Successful Urban Land Use Rights Redevelopment Saleable % of 1st-, 2nd- and Average land Total GFA resources quasi-2nd-tier cities Total GFA cost In Jan, acquired an urban redevelopment project in core area of Wuhan with a total 55.00M sq.m.* 800B 91% 41.20M sq.m. RMB6,000/sq.m.** GFA of 500,000 sq.m.

Greater Nanjing Others Shanghai metropolis 1% Circle 3% 4% Pan-Bohai Rim (Excl Suzhou and First-tier Shandong) Southern 11% 25% Suzhou 7% Third-tier Hefei and 9% Jiangxi 7% Quasi-Second- Greater Bay tier cities Area 10% 7% Second-tier 70% Central Western China 12% China Shandong 11% 11% Zhejiang 12%

Breakdown of 2018 Saleable Resources By Value

*Sum of land bank with approved land use rights and urban redevelopment projects contracted subject to government listings 13 **Average land cost with approved land use rights, excluding Hong Kong project Prudent Financial Management Results in Low Financing Cost

Weighted Average Net Gearing Ratio Interest Cost 67.2% 5.8% - 4.8 pp vs 1H 2018

Proportion of Debts Stable Domestic & Due within 1 year International Ratings

S&P | BB- Positive 17%

Moody’s | Ba3 Positive

Fitch | BB Stable Due between 3 to over 5 years Due within 1 year 14% 17%

Lianhe Credit Rating Lianhe Rating CCXI CCX Credit Due between 2-3 years AAA Stable 33% Due between 1- 2 years 36%

14 Product Capability: Domestic & International Awards for Architectural Design

Suzhou | To Be By Your Side

China Kinpan Awards Germany France France The developer winning the Reddot Design Award Innodesign Award GPDP AWARD highest number of awards Chongqing | Xuchang | Nanning | Won 68 awards C.E. 1857 Waves River Landscape 苏州｜铂悦•犀湖

Chongqing | Waves River Nanning | Landscape Product Capability: Launch of CIFI-5 Product

苏州 | 铂悦犀湖 Suzhou | Lake Mansion

苏州｜铂悦•犀湖

0-3 4-6 7-12 13-24 25-60 60+ All-aged All-aged All-aged Infants’ Kids’ Children’s Teenagers’ Adults’ Elderly care professional plant pet garden cognitive release of confrontation sports social lives running section science system development potential 16 Product Capability: Enhanced Delivery Standard and Product Quality

Suzhou Park Mansion won the Tien-yow Jeme Prize and 21 construction quality awards at provincial levels or above in 2018

Suzhou | Lake Mansion Quality Control during Full Development Cycle & Refined Operational Management

CIFI’s construction system 2.0 Full-cycle quality control system Longer construction period for a single task, but is able to shorten the overall period of a whole Long-term mechanism for quality control project, by enhancing overall efficiency and better allocation of time

Shenyang | Jade Mansion construction site Platform: “Aon Best Employers – China” & the “Mostly Respected Company” in Capital Market

苏州｜铂悦•犀湖

苏州｜铂悦•犀湖 “Aon Best Employers - China” for Five awards, including the two consecutive years title of the “Mostly Respected Company”

19 Platform: Successful Listing of Ever Sunshine (1995.HK)

Listed in Hong Kong in 2018, Ever Sunshine aims to become a reliable community service provider. 20 Platform: Lingyu, the Leader of Long-term Rental Apartment Operator

Top 3 long-term rental apartment operator in the industry

21 21 Platform: CIFI Commercial Creates New Landmark of Cities with Nationwide Coverage

Shanghai | LCM

A quality commercial property operator, with approx. 400,000 sq.m. of commercial properties under pipeline

2019 | Shanghai·The Best Food Market 2020 | Xi nt i a nd i , Ya ng p u P r o j e c t 2021 | S ha n g h a i C ha ng s h o u Road, Beijing G o ng c he n 2022 | C ho ng q i ng Yue l a i 22 02 Financial Performance

Suzhou | Lake Mansion 2018 Annual Results: Statement of Profit & Loss

(RMB M) 2018 2017 YoY Change Recognized revenue 42,368 31,824 33.1% - Property sales 39,014 30,295 28.8% - Rental income 237 94 152.1% - Other incomes 3,117 1,435 117.2%

Gross profit (GAAP) 10,613 8,621 23.1% Gross profit (excluding accounting effect of financial 14,682 9,443 55.5% consolidation of subsidiaries) Other incomes, gains and losses 2,066 796 159.5% Change in fair values of investment properties 106 658 -83.9% SG&A (3,275) (1,877) 74.5% Share of results of joint ventures and associate companies 2,175 2,106 3.3% Financing costs (369) (262) 40.8% Income Tax (4,199) (3,893) 7.9% Non-controlling interests (1,494) (1,320) 13.1% Perpetual capital instruments (215) - - Net profit attributable to equity owners 5,409 4,828 12.0% Core net profit attributable to equity owners(1) 5,536 4,082 35.6%

24 2018 Annual Results: Statement of Profit & Loss (con’t)

(RMB M) 2018 2017 YoY Change Net profit attributable to equity owners 5,409 4,828 12.0% Core net profit attributable to equity owners (1) 5,536 4,082 35.6%

Basic EPS, in RMB cents 70 68 2.9% Basic core EPS, in RMB cents(1) 72 57 26.3%

EBITDA (2) 16,652 10,365 60.7%

Gross profit margin (non-GAAP, adjusted) 34.7% 29.7% 5.0pp Core net profit margin(1) 13.1% 12.8% 0.3pp EBITDA margin(2) 39.3% 32.6% 6.7pp

Remarks: (1) Core net profit excludes fair value gains / losses, net exchange loss, expenses relating to share option grants, loss on early redemption of senior notes, and share of fair value gains/losses and net exchange loss at joint ventures and associate companies, net of deferred taxes (2) EBITDA consists of profit from operating activities before fair value gains / losses, interest expenses (including capitalized interest), income tax expenses, depreciation and amortization expenses, net exchange loss and other non-cash items. EBITDA is not a standard measure under IFRS

25 Recognized Revenue Mainly Generated from 2nd-tier Cities & Achieved a Well-Balanced Portfolio

2018 2017

19 cities | 58 projects 14,642/sq.m. 14 cities | 46 projects 14,710/sq.m. 39.0B 30.0B Jiaxing Beijing Hangzhou Xi’an Foshan 2% Langfang 2% 1% Jinan Changsha 2% 2% 1% 3% 2% Changsha 3% Wuhan Zhenjiang 4% Suzhou 3% 25% Suzhou Ningbo 26% 4% Hefei 5% Chongqing 4% Wuhan 2018 6% 2017 Shanghai Chongqing 7% 6% Shenyang Shenyang 7% Hangzhou 6% 16% Nanjing Shanghai Nanjing 7% 26% 7% Tianjin Qingdao Tianjin 8% 11% 8% By Region By City By Property By Region By City By Property

Yangtze River Delta 54% 1st-tier 7% Residential 83% Yangtze River Delta 70% 1st-tier 28% Residential 78% Pan-Bohai Rim 28% 2nd-tier 93% Office & commercial 17% Pan-Bohai Rim 16% 2nd-tier 67% Office & commercial 22% Central & Western China 16% Quasi-2nd-tier 0% Central & Western China 14% Quasi-2nd-tier 0% Southern China 2% 3rd-tier 0% 3rd-tier 5% 26 Strong Growth in Recognized Revenue, Core Net Profit & Dividend

Recognized Core Net Revenue Profit 5,536 42.368B 5.536B +33% 42,368 +36% 4,082 31,824 2,824 2,210 22,224 18,231

2015 2016 2017 2018 2015 2016 2017 2018 (RMB M) (RMB M) Total Net Profit Dividends 30 5.409B 5,409 30 HK cents/share 4,828 +12% +30% 23

2,808 17 14 2,095

2015 2016 2017 2018 2015 2016 2017 2018 27 Gross Profit Margin & Core Net Profit Margin Increased Steadily

Gross EBITDA margin ** profit margin * 39.3% 34.7% 39.3% +5.0pp 34.7% +6.7pp 29.7% non-GAAP* 31.4% 32.6% 25.4% 28.7% 24.1%

2015 2016 2017 2018 2015 2016 2017 2018 Core net Core ROE profit margin 13.1% 23.8% +1.0pp +0.3pp 23.8% 22.8% 12.7% 12.8% 13.1% 20.3% 12.1% 19.2%

2015 2016 2017 2018 2015 2016 2017 2018 * Non-GAAP, excluding accounting effect of financial consolidation of subsidiaries ** EBITDA consists of profit from operating activities before fair value gains / losses, interest expenses (including capitalized interest), income tax expenses, depreciation and 28 amortization expenses, net exchange loss and other non-cash items Key Balance Sheet Figures

(RMB M) 2018.12.31 2017.12.31 YoY Bank balances & cash 44,618 29,787 49.8% Restricted bank deposits 1,290 - Total assets 241,061 151,758 58.8% Total equity 49,446 34,270 44.3% - Equity attributable to equity owners 25,604 20,904 22.5% - Non-controlling interests 19,959 9,519 109.7% - Perpetual capital instruments 3,884 3,848 0.9% Total indebtedness (1) 77,865 47,239 64.8% Net debt-to-equity ratio (2) 67.2% 50.9% 16.3pp Net debt-to-equity ratio (2) (including perpetual securities) 81.5% 70.0% 11.5pp

Total assets Net assets 49,446 241.1B 49.4B 241,061 +59% +44% 34,270 151,758 17,283 15,283 88,480 67,452

2015 2016 2017 2018 (RMB M) 2015 2016 2017 2018 Notes: (1) Total indebtedness includes bank and other loans, onshore bonds and offshore senior notes 29 (2) Net debt-to-equity = (total indebtedness – cash (incl. restricted cash)) divided by total equity (3) Weighted average cost of indebtedness = weighted average of interest costs of all indebtedness outstanding as at end of period (p.a.) Low Financing Cost Among the Industry

Weighted Average Interest Cost 5.8%

Stable Domestic & 6.5% International Ratings 5.8% 5.7% 5.9% 5.6% 5.2% S&P | BB- Positive

Moody’s | Ba3 Positive

Fitch | BB Stable

Lianhe Credit Rating Offshore Offshore Offshore Onshore Onshore Onshore average bonds bank loans average bank loans corporate Lianhe Rating and other bonds CCXI CCX Credit borrowings AAA Stable 7.2%

5.8% 5.5% 5.2%

2015 2016 2017 2018 30 Optimized Debt Structure with a Decreased Proportion of Short-term Debt

Debt Structure Proportion of Debts Due Within 1 Year Access onshore & offshore financing channels 17%

Offshore convertible bonds 1% Due between 3 to Offshore over 5 years Due within 1 year senior notes 14% 17% 20% Offshore bank loans 24% Onshore Due corporate between 2-3 bonds years 15% 33% Due between 1-2 years Onshore bank loans 36% and other borrowings 40% Proportion of Onshore & Offshore Debts Proportion of Debts Due Within 1 Year 25%

17% 55% 55% 57% 55% 15%

5% 45% 45% 43% 45%

2015 2016 2017 2018 2015 2016 2017 2018 Offshore Onshore 31 Prudent Financial Management with a Increased Cash财务管理谨慎，信贷指标稳健-to-ST-debts Ratio Net Gearing Ratio Cash/ST-Debt Ratio 67.2% 3.3X * 81.5% 5.3x * 70.0% 4.6x 59.2% 67.2% 50.4% 50.9% 3.3x 2.5x

2015.12.31 2016.12.31 2017.12.31 2018.12.31 2015.12.31 2016.12.31 2017.12.31 2018.12.31

* Excluded Perpetual Instrument Included Perpetual Instrument Interest ** Debt-to-EBITDA Ratio Coverage Ratio** 4.7X 4.4X

4.7x 4.6x 4.6x 4.5x 4.2x 4.2x 4.4x 3.2x

2015.12.31 2016.12.31 2017.12.31 2018.12.31 2015 2016 2017 2018 * Only used to compare net gearing ratio, perpetual instruments is considered as debt ** Interest coverage ratio = EBITDA over interest expenses. Ratio as at 31 December 2018 was calculated using 12-month trailing EBITDA divided by pro forma 32 interest cost based on debt structure as at 31 December 2018 03 Outlook

Qingdao | Treasure Mansion Industry Overview and Outlook

A new, long industry cycle along with steady growth and moderate fluctuations Further urbanization in city clusters and metropolitan areas will add momentum to economy in the future City-specific regulatory policies and divergent sentiments among regional markets Huge property market to stabilize at high level of development; market to consolidate leading companies will sustain growth Trend Migration of population into 2nd- and 3rd-tier cities will accelerate, golden business opportunities at Industry the later stage of urbanization Market consolidation intensifying completion, developer need to fine-tune their competition edges. A booming will gradually emerge in secondary housing market Small property firms will be squeezed out amid accelerating industry consolidation

Sell-through rate will gradually pick-up Transaction volume will decrease slightly but property prices will edge up Outlook Property markets in 1st- and 2nd-tier cities will outperform those in 3rd- and 4th-tier cities Policy to see marginal loosening Monetary environment become more accumulating; mortgage interest rate will be moderate The property market to bottom out in the middle of the year and then stabilize

34 Strategic Goal: Industry Top 8

Facilitate development of our “Real Estate+” peripheral business segments

Pursue a balance between growth, profitability and capability to withstand risks

Growth with Substance, Balance and Momentum

Increase business presence in the existing housing market by developing the “real estate+” businesses

Transform business model into operation of investment properties in 1st-tier cities and property development mainly in 2nd- and 3rd-tier cities

As the business grow in size, CIFI will gradually increase the number of investment properties in 1st-tier and Strategies leading 2nd-tier cities

Operating model that features efficient turnover, standardization and low cost

Extensive geographical market coverage, various channels on land acquisition, comprehensive portfolio of products

“One city, one policy”, strike the balance between sales volume and selling price, conduct well-timed sales schedule Operation

Capture the investment opportunities in the divergent property markets and invest in different property Tactics markets by rotation to capitalize their different market cycles Increase land bank in 2nd- and leading 3rd-tier cities and increase CIFI’s attributable interest Slow down the pace of expanding into new city, in-depth deployment in existing core cities Improve the modes of cooperation and turnover efficiency Increase the competitiveness of the products and adopt market segmentation in business operation

35 04 Appendices

Shenyang | Central Mansion Appendix: Land Acquisition in 2018

1 杭州臨安區天目山項目商業 100.00 1,195,200 49,900 159,830,000 159,830,000 3,201 N/A Hangzhou Linan District, Tianmushan Project Commercial

2 杭州臨安區於潛項目商業 100.00 755,400 35,900 68,620,000 68,620,000 1,913 N/A Hangzhou Linan District, Yuqian Project Commercial

3 杭州臨安區青山湖科技城項目住宅 50.00 63,500 158,700 1,763,500,000 881,750,000 11,113 中粮 Hangzhou Linan District, Qingshanhu, Keji Cheng Project Residential

4 台州椒江區洪家街道項目住宅╱商業 95.00 28,200 57,400 346,200,000 328,890,000 6,027 軌交置業 Taizhou Jiaojiang District, Hongjia Street Project Residential/Commercial

5 合肥廬陽區1704號項目住宅 51.00 92,200 174,200 1,784,700,000 910,200,000 10,247 N/A Hefei Luyang District, No.1704 Project Residential

6 張家港南湖路2013-B28-A號項目住宅 100.00 69,800 73,300 609,770,000 609,770,000 8,317 N/A Zhangjiagang Nanhu Road, No. 2013-B28-A Project Residential

7 張家港金港大道2013-B27項目住宅 50.00 27,100 40,600 287,460,000 143,730,000 7,074 陽光城 Zhangjiagang Jingang Avenue, No. 2013-B27 Project Residential

8 上海楊浦區定海社區項目辦公樓╱商業 50.00 36,500 109,500 2,980,000,000 1,490,000,000 27,222 宝龙 Shanghai Yangpu District, Dinghai Community Project Office/Commercial

9 北京朝陽區孫河項目住宅 20.00 53,500 58,900 3,365,000,000 673,000,000 57,152 中粮 Beijing Chaoyang District, Sunhe Project Residential

10 青島膠州市博觀錦岸東項目住宅 100.00 13,800 21,600 95,620,000 95,620,000 4,427 N/A Qingdao Jiaozhou District, Boguanjinan East Project Residential

11 青島膠州市博觀錦岸西項目住宅 100.00 63,700 136,200 402,520,000 402,520,000 2,955 N/A Qingdao Jiaozhou District, Boguanjinan West Project Residential

12 青島黃島區博觀星海一期項目住宅 100.00 18,600 58,700 148,300,000 148,300,000 2,528 N/A Qingdao Huangdao District, Boguanxinghai First Phrase Project Residential

13 青島黃島區博觀星海二期項目住宅 100.00 24,100 34,900 161,620,000 161,620,000 4,629 N/A Qingdao Huangdao District, Boguanxinghai Second Phrase Project Residential

14 青島城陽區博觀一品項目住宅╱商業 100.00 32,000 34,700 154,740,000 154,740,000 4,455 N/A Qingdao Chengyang District, Boguanyipin Project Residential/Commercial

15 青島城陽區德郡五期項目住宅 100.00 106,700 70,500 173,820,000 173,820,000 2,466 N/A Qingdao Chengyang District, Dejun Fifth Phrase Project Residential 37 Appendix: Land Acquisition in 2018 (con’t)

171 濟南杭州市中區博觀山悅項目臨安區天目山項目住宅商業 100.00 51.00 1,195,20024,900 60,30049,900 185,730,000159,830,000 159,830,00094,720,000 3,0783,201 银盛泰N/A Hangzhou Linan District, Tianmushan Project Commercial Jinan Shizhong District, Boguanshanyue Project Residential

2 杭州臨安區於潛項目商業 100.00 755,400 35,900 68,620,000 68,620,000 1,913 N/A 18 臨沂北城區博觀新城東項目住宅 70.00 86,700 153,000 291,890,000 204,320,000 1,940 银盛泰 Hangzhou Linan District, Yuqian Project Commercial Linyi Beicheng District, Boguanxincheng East Project Residential

3 杭州臨安區青山湖科技城項目住宅 50.00 63,500 158,700 1,763,500,000 881,750,000 11,113 中粮 19 Hangzhou臨沂 Linan北城區博觀新城西項目 District, Qingshanhu, Keji Cheng Project Residential住宅 70.00 59,900 221,100 302,370,000 211,660,000 1,391 银盛泰 Linyi Beicheng District, Boguanxincheng West Project Residential 4 台州椒江區洪家街道項目住宅╱商業 95.00 28,200 57,400 346,200,000 328,890,000 6,027 軌交置業 20 Taizhou嘉興 Jiaojiang嘉善縣2012-42項目 District, Hongjia Street Project Residential/Commercial住宅 49.00 25,100 45,200 401,860,000 196,910,000 8,889 金科 Jiaxing Jiashan County, No. 2012-42 Project Residential 5 合肥廬陽區1704號項目住宅 51.00 92,200 174,200 1,784,700,000 910,200,000 10,247 N/A 21 嘉興Hefei 嘉善縣2016-7項目Luyang District, No.1704 Project Residential住宅 49.00 14,500 29,000 232,080,000 113,720,000 8,000 金科 Jiaxing Jiashan County, No. 2016-7 Project Residential 6 張家港南湖路2013-B28-A號項目住宅 100.00 69,800 73,300 609,770,000 609,770,000 8,317 N/A 22 嘉興Zhangjiagang 嘉善縣惠民項目Nanhu Road, No. 2013-B28-A Project Residential住宅 49.00 58,900 106,000 789,260,000 386,740,000 7,444 金科 Jiaxing Jiashan County, Huimin Project Residential 7 張家港金港大道2013-B27項目住宅 50.00 27,100 40,600 287,460,000 143,730,000 7,074 陽光城 23 重慶Zhangjiagang 江北區大石壩項目Jingang Avenue, No. 2013-B27 Project Residential住宅 100.00 4,500 15,700 131,000,000 131,000,000 8,366 N/A Chongqing Jiangbei District, Dashiba Project Residential 8 上海楊浦區定海社區項目辦公樓╱商業 50.00 36,500 109,500 2,980,000,000 1,490,000,000 27,222 宝龙 Shanghai Yangpu District, Dinghai Community Project Office/Commercial 24 重慶沙坪壩區F6-1/F7項目住宅╱商業 50.00 8,500 27,700 212,000,000 106,000,000 7,650 华宇 Chongqing Shapingba District, F6-1/F7 Project Residential/Commercial 9 北京朝陽區孫河項目住宅 20.00 53,500 58,900 3,365,000,000 673,000,000 57,152 中粮 Beijing Chaoyang District, Sunhe Project Residential 25 武漢江夏區齊心村項目住宅 50.00 70,200 238,400 1,501,710,000 750,860,000 6,300 昌盛 10 青島Wuhan 膠州市博觀錦岸東項目Jiangxia District, Qixin Village Project Residential住宅 100.00 13,800 21,600 95,620,000 95,620,000 4,427 N/A Qingdao Jiaozhou District, Boguanjinan East Project Residential 26 杭州蕭山區蜀山項目住宅 50.00 26,600 71,800 1,271,300,000 635,650,000 17,700 东原 11 青島Hangzhou 膠州市博觀錦岸西項目Xiaoshan District, Shushan Project Residential住宅 100.00 63,700 136,200 402,520,000 402,520,000 2,955 N/A Qingdao Jiaozhou District, Boguanjinan West Project Residential 27 瀋陽鐵西區東洋制鋼項目住宅╱商業 40.00 99,500 199,100 1,313,950,000 525,580,000 6,600 中南 12 青島黃島區博觀星海一期項目住宅 100.00 18,600 58,700 148,300,000 148,300,000 2,528 N/A QingdaoShenyang HuangdaoTiexi District, District, Dongyang Boguanxinghai Zhigang Project First Phrase ProjectResidential/CommercialResidential

2813 嘉興青島嘉善縣34號項目黃島區博觀星海二期項目住宅 100.00 30.00 35,60024,100 89,10034,900 630,750,000161,620,000 189,230,000161,620,000 7,0804,629 华夏幸福N/A JiaxingQingdao JiashanHuangdao County, District, No. Boguanxinghai 34 Project Second Phrase Project Residential

2914 嘉興青島嘉善縣54號項目城陽區博觀一品項目住宅╱商業住宅 100.00 29.00 48,40032,000 120,10034,700 850,320,000154,740,000 246,590,000154,740,000 7,0804,455 华夏幸福N/A JiaxingQingdao JiashanChengyang County, District, No. 35Boguanyipin Project Project Residential/CommercialResidential

15 青島城陽區德郡五期項目住宅 100.00 106,700 70,500 173,820,000 173,820,000 2,466 N/A 30 無錫江陰市項目住宅 100.00 126,300 220,000 1,565,580,000 1,565,580,000 7,117 N/A Qingdao Chengyang District, Dejun Fifth Phrase Project Residential Wuxi Jiangyin City Project Residential 38 Appendix: Land Acquisition in 2018 (con’t)

321 杭州寧波臨安區天目山項目餘姚市25號項目商業住宅 100.00 50.00 1,195,20065,800 105,30049,900 159,830,000762,880,000 159,830,000381,440,000 3,2017,247 N/A华宇 HangzhouNingbo LinanYuyao District, City, No.25 Tianmushan Project Project CommercialResidential

332 杭州寧波臨安區於潛項目餘姚市26號項目商業住宅 100.00 50.00 755,40030,800 35,90076,900 532,280,00068,620,000 266,140,00068,620,000 1,9136,924 N/A华宇 HangzhouNingbo LinanYuyao District, City, No.26 Yuqian Project Project CommercialResidential

343 杭州寧波臨安區青山湖科技城項目餘姚市27號項目住宅 50.00 63,50013,800 158,70022,100 1,763,500,000134,360,000 881,750,00067,180,000 11,1136,084 中粮华宇 HangzhouNingbo LinanYuyao District, City, No.27 Qingshanhu, Project Keji Cheng Project Residential

354 台州中山椒江區洪家街道項目南頭鎮穗西村162-163號項目住宅╱商業住宅 95.0033.00 28,20039,800 57,40099,400 346,200,000529,000,000 328,890,000174,570,000 6,0275,322 远洋、卓越軌交置業 Taizhou Jiaojiang District, Hongjia Street Project Residential/Commercial Zhongshan Nantou Town, Suixi Village No.162-163 Project Residential

5 合肥廬陽區1704號項目住宅 51.00 92,200 174,200 1,784,700,000 910,200,000 10,247 N/A 36 青島黃島區書香泮城F2項目住宅 55.00 31,600 47,400 130,800,000 71,940,000 2,762 银盛泰 Hefei Luyang District, No.1704 Project Residential Qingdao Huangdao District, Shuxiang bancheng F2 Project Residential

6 張家港南湖路2013-B28-A號項目住宅 100.00 69,800 73,300 609,770,000 609,770,000 8,317 N/A 37 泉州石獅市寶蓋鎮2017S-40項目住宅 100.00 68,000 169,900 1,075,000,000 1,075,000,000 6,327 N/A Zhangjiagang Nanhu Road, No. 2013-B28-A Project Residential Quanzhou Shishi City, Baogai Town, No. 2017S-40 Project Residential

7 張家港金港大道2013-B27項目住宅 50.00 27,100 40,600 287,460,000 143,730,000 7,074 陽光城 38 南通港閘區R18013項目住宅 51.00 56,500 78,400 849,750,000 433,370,000 10,839 TBC Zhangjiagang Jingang Avenue, No. 2013-B27 Project Residential Nantong Gangzha District, No. R18013 Project Residential

8 上海楊浦區定海社區項目辦公樓╱商業 50.00 36,500 109,500 2,980,000,000 1,490,000,000 27,222 宝龙 39 許昌東城區項目住宅 100.00 55,400 159,800 601,100,000 601,100,000 3,762 N/A Shanghai Yangpu District, Dinghai Community Project Office/Commercial Xuchang Dongcheng District Project Residential

9 北京朝陽區孫河項目住宅 20.00 53,500 58,900 3,365,000,000 673,000,000 57,152 中粮 40 重慶巴南區魚洞18032號項目住宅 100.00 200,200 389,500 1,620,000,000 1,620,000,000 4,159 N/A Beijing Chaoyang District, Sunhe Project Residential Chongqing Banan District, Yudong No. 18032 Project Residential 10 青島膠州市博觀錦岸東項目住宅 100.00 13,800 21,600 95,620,000 95,620,000 4,427 N/A 41 Qingdao淄博 Jiaozhou高新區化北路項目 District, Boguanjinan East Project Residential住宅 100.00 33,600 67,300 120,790,000 120,790,000 1,795 N/A Zibo High-tech Zone, Huabei Road Project Residential 11 青島膠州市博觀錦岸西項目住宅 100.00 63,700 136,200 402,520,000 402,520,000 2,955 N/A 42 Qingdao南昌 Jiaozhou高新區49號項目 District, Boguanjinan West Project Residential住宅 34.00 28,000 50,400 147,310,000 50,090,000 2,925 正榮 Nanchang High-tech Zone, No. 49 Project Residential 12 青島黃島區博觀星海一期項目住宅 100.00 18,600 58,700 148,300,000 148,300,000 2,528 N/A 43 Qingdao鎮江 Huangdao句容市寶華牡丹路西側項目 District, Boguanxinghai First Phrase Project Residential住宅 33.00 52,400 131,000 790,800,000 260,960,000 6,038 碧桂園/東原 Zhenjiang Jurong city, Baohua Mudan Road West Side Project Residential 13 青島黃島區博觀星海二期項目住宅 100.00 24,100 34,900 161,620,000 161,620,000 4,629 N/A 44 Qingdao中山 Huangdao南頭鎮穗西村W02-17-0135項目 District, Boguanxinghai Second Phrase Project Residential住宅 33.00 11,000 33,100 148,890,000 49,130,000 4,500 遠洋/卓越 Zhongshan Nantou Town, Suixi Village, No. W02-17-0135 Residential 14 青島城陽區博觀一品項目Project 住宅╱商業 100.00 32,000 34,700 154,740,000 154,740,000 4,455 N/A Qingdao Chengyang District, Boguanyipin Project Residential/Commercial 45 中山南頭鎮穗西村W02-17-0137項目住宅 22.00 34,300 85,700 326,440,000 71,820,000 3,810 遠洋/卓越 15 青島Zhongshan 城陽區德郡五期項目Nantou Town, Suixi Village, No. W02-17-0137 住宅 100.00 106,700 70,500 173,820,000 173,820,000 2,466 N/A Residential Qingdao ChengyangProject District, Dejun Fifth Phrase Project Residential 39 Appendix: Land Acquisition in 2018 (con’t)

471 杭州佛山臨安區天目山項目順德區北滘鎮005號項目商業住宅 100.00 60.00 1,195,20081,500 203,60049,900 1,980,000,000159,830,000 1,188,000,000159,830,000 3,2019,723 雅居樂N/A HangzhouFoshan LinanShunde District, District, Tianmushan Beijiao No. Project 005 Project CommercialResidential

482 杭州濟寧臨安區於潛項目高新區方圓忻居南側項目商業住宅 100.00 55.00 755,40058,400 35,90064,200 139,540,00068,620,000 68,620,00076,750,000 1,9132,173 銀盛泰/碧桂園N/A HangzhouJining LinanHigh-tech District, Zone, Yuqian Fangyuanxinju Project South Project CommercialResidential

493 杭州衢州臨安區青山湖科技城項目柯城區火車站萬達東項目住宅、住宅商業 50.00 63,50097,600 158,700182,100 1,763,500,000911,000,000 881,750,000455,500,000 11,1135,002 中粮萬固 Hangzhou Linan District, Qingshanhu, Keji Cheng Project ResidentialResidential / Quzhou Kecheng District, Railway Station Wanda East Project Commercial 4 台州椒江區洪家街道項目住宅╱商業 95.00 28,200 57,400 346,200,000 328,890,000 6,027 軌交置業 50 Taizhou徐州 Jiaojiang鼓樓區黃河北路項目 District, Hongjia Street Project Residential/Commercial住宅、商業 49.00 62,600 163,500 1,560,000,000 764,400,000 9,540 美的 Residential / Xuzhou Gulou District, Huanghe North Road Project 5 合肥廬陽區1704號項目 Commercial住宅 51.00 92,200 174,200 1,784,700,000 910,200,000 10,247 N/A Hefei Luyang District, No.1704 Project Residential 51 徐州杏山子工業園區大三角項目住宅 50.00 57,400 160,800 762,600,000 381,300,000 4,742 中南 6 張家港Xuzhou 南湖路2013-B28-A號項目Xingshanzi Industrial Park, Dasanjiao Project Residential住宅 100.00 69,800 73,300 609,770,000 609,770,000 8,317 N/A Zhangjiagang Nanhu Road, No. 2013-B28-A Project Residential 52 江門鶴山市方圓月島首府項目住宅 49.00 51,200 153,700 889,250,000 435,730,000 5,786 方圓 7 張家港Jiangmen 金港大道2013-B27項目Heshan City, Fangyuanyuedao Shoufu Project Residential住宅 50.00 27,100 40,600 287,460,000 143,730,000 7,074 陽光城 Zhangjiagang Jingang Avenue, No. 2013-B27 Project Residential 53 濰坊奎文區金馬路項目住宅 40.00 68,800 151,500 621,670,000 248,670,000 4,105 華翔 8 上海Weifang 楊浦區定海社區項目Kuiwen District, Jinma Road Project 辦公樓╱商業Residential 50.00 36,500 109,500 2,980,000,000 1,490,000,000 27,222 宝龙 Shanghai Yangpu District, Dinghai Community Project Office/Commercial 54 南京江寧區九龍湖G58項目商業、寫字樓 33.00 26,700 133,300 615,000,000 202,950,000 4,612 蘇寧、景楓 9 北京Nanjing 朝陽區孫河項目Jiangning District, Jiulong Lake G58 Project Office / 住宅Commercial 20.00 53,500 58,900 3,365,000,000 673,000,000 57,152 中粮 Beijing Chaoyang District, Sunhe Project Residential 55 重慶巴南區魚洞小南海18051項目住宅 35.00 92,000 230,000 581,670,000 203,580,000 2,528 卓越

10 青島Chongqing 膠州市博觀錦岸東項目Banan District, Yudong Xiaonanhai 18051 Project Residential住宅 100.00 13,800 21,600 95,620,000 95,620,000 4,427 N/A Qingdao Jiaozhou District, Boguanjinan East Project Residential

1156 青島瀋陽膠州市博觀錦岸西項目瀋河區團結路59號項目住宅 100.00 63,70029,400 136,200223,600 1,073,370,000402,520,000 1,073,370,000402,520,000 2,9554,800 N/A QingdaoShenyang JiaozhouShenhe District, District, Tuanjie Boguanjinan Road No. West 59 Project Project Residential

1257 青島西安黃島區博觀星海一期項目常寧新區31畝項目住宅 100.00 34.00 18,60020,600 58,70041,200 148,300,000125,000,000 148,300,00042,500,000 2,5283,031 金地/招商N/A QingdaoXi'an HuangdaoChangning District, New District Boguanxinghai 31 mu Project First Phrase Project Residential

1358 青島杭州黃島區博觀星海二期項目臨安區青山湖科技城輕軌項目住宅、住宅商業 100.00 50.00 120,80024,100 333,40034,900 1,775,000,000161,620,000 161,620,000887,500,000 4,6295,325 N/A寶龍 Lin’an District, Qingshan Lake Sci-tech City Residential / QingdaoHangzhou Huangdao District, Boguanxinghai Second Phrase Project Residential Light Rail Project Commercial 14 青島城陽區博觀一品項目住宅╱商業 100.00 32,000 34,700 154,740,000 154,740,000 4,455 N/A 59 徐州銅山區36號項目住宅 50.00 48,000 96,000 192,160,000 96,080,000 2,002 合景泰富 Qingdao Chengyang District, Boguanyipin Project Residential/Commercial Xuzhou Tongshan District, No.36 Project Residential

15 青島城陽區德郡五期項目住宅 100.00 106,700 70,500 173,820,000 173,820,000 2,466 N/A 60 江門蓬江區04項目住宅 40.00 60,500 166,400 1,146,850,000 458,740,000 6,894 中梁 Qingdao Chengyang District, Dejun Fifth Phrase Project Residential Jiangmen Pengjiang District No. 4 Project Residential 40 Appendix: Land Acquisition in 2018 (con’t)

621 杭州重慶臨安區天目山項目兩江新區悅來18061項目住宅、商業商業 100.00 33.30 1,195,200162,000 444,60049,900 2,450,000,000159,830,000 159,830,000815,850,000 3,2015,510 華宇/華僑城N/A Hangzhou Linan District, Tianmushan Project ResidentialCommercial / Chongqing Liangjiang New Area, Yuelai 18061 Project Commercial 2 杭州臨安區於潛項目商業 100.00 755,400 35,900 68,620,000 68,620,000 1,913 N/A 63 Hangzhou重慶 Linan兩江新區悅來18065項目 District, Yuqian Project Commercial住宅、商業 33.30 161,700 387,300 2,320,000,000 772,560,000 5,990 華宇/華僑城 Residential / Chongqing Liangjiang New Area, Yuelai 18065 Project 3 杭州臨安區青山湖科技城項目 Commercial住宅 50.00 63,500 158,700 1,763,500,000 881,750,000 11,113 中粮 Hangzhou Linan District, Qingshanhu, Keji Cheng Project Residential 64 溫州甌江口新區C-03AE項目住宅 34.00 131,100 219,900 431,000,000 146,540,000 1,960 金茂/碧桂園 4 台州Wenzhou 椒江區洪家街道項目Oujiang River Estuary Area, C-03AE Project Residential住宅╱商業 95.00 28,200 57,400 346,200,000 328,890,000 6,027 軌交置業 Taizhou Jiaojiang District, Hongjia Street Project Residential/Commercial 65 溫州甌江口新區C-11FH項目住宅 34.00 148,400 178,100 466,000,000 158,440,000 2,617 金茂/碧桂園 5 合肥Wenzhou 廬陽區1704號項目Oujiang River Estuary Area, C-11FH Project Residential住宅 51.00 92,200 174,200 1,784,700,000 910,200,000 10,247 N/A Hefei Luyang District, No.1704 Project Residential 66 溫州甌江口新區C-05A項目住宅 31.00 141,800 212,700 466,000,000 144,460,000 2,191 金茂/碧桂園 6 張家港Wenzhou 南湖路2013-B28-A號項目Oujiang River Estuary Area, C-05A Project Residential住宅 100.00 69,800 73,300 609,770,000 609,770,000 8,317 N/A Zhangjiagang Nanhu Road, No. 2013-B28-A Project Residential 67 杭州蕭山區蜀山單元曾家橋項目住宅 53.00 98,300 275,100 3,706,750,000 1,964,580,000 13,400 華宇/禹洲 Xiaoshan District, Shushan Community 7 張家港Hangzhou 金港大道2013-B27項目 Residential住宅 50.00 27,100 40,600 287,460,000 143,730,000 7,074 陽光城 Zhangjiagang JingangZengjiaqiao Avenue, Project No. 2013-B27 Project Residential

68 佛山三水區雲東海街道009項目住宅 100.00 27,900 69,800 494,600,000 494,600,000 7,087 N/A 8 上海楊浦區定海社區項目辦公樓╱商業 50.00 36,500 109,500 2,980,000,000 1,490,000,000 27,222 宝龙 Foshan Sanshui District, Yundonghai Street 009 Project Residential Shanghai Yangpu District, Dinghai Community Project Office/Commercial

69 貴陽白雲區艷山紅南湖G(18)048項目住宅、商業 100.00 64,300 199,200 579,960,000 579,960,000 2,911 N/A 9 北京朝陽區孫河項目住宅 20.00 53,500 58,900 3,365,000,000 673,000,000 57,152 中粮 Residential / BeijingGuiyang ChaoyangBaiyun District, District, Yangshanhong Sunhe Project Nanhu G(18)048 Project Residential Commercial

10 青島膠州市博觀錦岸東項目住宅 100.00 13,800 21,600 95,620,000 95,620,000 4,427 N/A 70 溫州樂清市中心區E-b11-1項目住宅 33.00 25,300 65,800 691,000,000 228,030,000 10,499 星耀/德信 Qingdao Jiaozhou District, Boguanjinan East Project Residential Wenzhou Leqing City, Zhongxin Central Residential

11 青島膠州市博觀錦岸西項目住宅 100.00 63,700 136,200 402,520,000 402,520,000 2,955 N/A 71 昆山巴城鎮12-8號項目住宅 31.10 128,200 248,800 1,451,100,000 451,290,000 5,832 綠地/陽光城 Qingdao Jiaozhou District, Boguanjinan West Project Residential Kunshan Bacheng Town, No. 12-8 Project Residential

12 青島黃島區博觀星海一期項目住宅 100.00 18,600 58,700 148,300,000 148,300,000 2,528 N/A 72 江門蓬江區11號項目住宅 100.00 3,900 10,800 58,550,000 58,550,000 5,430 N/A QingdaoJiangmen HuangdaoPengjiang District, No.Boguanxinghai 11 Project First Phrase Project Residential

1373 青島西安黃島區博觀星海二期項目西咸新區秦漢蘭池二路項目住宅 100.00 48.00 200,30024,100 387,90034,900 161,620,000698,010,000 161,620,000335,040,000 4,6292,064 N/A邦宏 QingdaoXi'an HuangdaoXixian New District, Area, Qinhan Boguanxinghai Lanchi 2nd Second Avenue Phrase Project Project Residential

1474 青島杭州城陽區博觀一品項目臨安區吳越府北側項目住宅╱商業住宅 100.00 50.00 32,00011,600 34,70023,300 154,740,000218,920,000 154,740,000109,460,000 4,4559,400 N/A東原 QingdaoHangzhou ChengyangLin’an District, District, Wuyue Boguanyipin Mansion NorthProject Project Residential/CommercialResidential

1575 青島湘潭城陽區德郡五期項目岳塘區2018-20號項目住宅 100.00 50.00 106,70066,600 186,50070,500 173,820,000721,960,000 173,820,000360,980,000 2,4663,871 中南/中梁N/A QingdaoXiangtan ChengyangYuetang District, District, No. Dejun 2018-20 Fifth Project Phrase Project Residential 41 Appendix: Land Acquisition in 2018 (con’t)

1 杭州臨安區天目山項目商業 100.00 1,195,200 49,900 159,830,000 159,830,000 3,201 N/A 77 天津河西區疊彩道項目住宅 35.00 24,000 48,000 1,164,690,000 407,640,000 24,264 萬科 Hangzhou Linan District, Tianmushan Project Commercial Tianjin Hexi District, Diecai Road Project Residential

2 杭州臨安區於潛項目商業 100.00 755,400 35,900 68,620,000 68,620,000 1,913 N/A 78 溫州蒼南縣台商小鎮項目住宅 35.00 47,200 103,900 991,630,000 347,070,000 9,540 榮安/星耀 Hangzhou Linan District, Yuqian Project Commercial Wenzhou Cannan County, Taishang Town Project Residential 3 杭州臨安區青山湖科技城項目住宅 50.00 63,500 158,700 1,763,500,000 881,750,000 11,113 中粮 79 Hangzhou蘇州 Linan太倉縣城廂3號項目 District, Qingshanhu, Keji Cheng Project Residential住宅 33.30 49,000 83,400 629,010,000 209,460,000 7,544 華宇/中糧 Suzhou Taicang County, Chengxiang No. 3 Project Residential 4 台州椒江區洪家街道項目住宅╱商業 95.00 28,200 57,400 346,200,000 328,890,000 6,027 軌交置業 80 Taizhou嘉興 Jiaojiang嘉善縣2016-52-1項目 District, Hongjia Street Project Residential/Commercial住宅 30.00 43,100 107,700 762,500,000 228,750,000 7,080 中駿/陽光城 Jiaxing Jiashan County, No. 2016-52-1 Project Residential 5 合肥廬陽區1704號項目住宅 51.00 92,200 174,200 1,784,700,000 910,200,000 10,247 N/A 81 Hefei無錫 Luyang濱湖區河埒口項目 District, No.1704 Project Residential住宅 50.00 21,600 43,200 630,000,000 315,000,000 14,590 雅居樂 Wuxi Binhu District, Heliekou Project Residential 6 張家港南湖路2013-B28-A號項目住宅 100.00 69,800 73,300 609,770,000 609,770,000 8,317 N/A Zhangjiagang Nanhu Road, No. 2013-B28-A Project Residential 82 常州鐘樓區環華物流項目住宅 40.00 51,600 113,500 850,000,000 340,000,000 7,492 美的 Changzhou Zhonglou District, Huanhua Project Residential 7 張家港金港大道2013-B27項目住宅 50.00 27,100 40,600 287,460,000 143,730,000 7,074 陽光城 Zhangjiagang Jingang Avenue, No. 2013-B27 Project Residential 83 合肥新站區XZQTD238號項目住宅 34.00 86,000 154,800 838,620,000 285,130,000 5,417 N/A 8 上海Hefei 楊浦區定海社區項目Xinzhan District, No. XZQTD238 Project 辦公樓╱商業Residential 50.00 36,500 109,500 2,980,000,000 1,490,000,000 27,222 宝龙 Shanghai Yangpu District, Dinghai Community Project Office/Commercial 84 銀川金鳳區 G2018-19號項目住宅 40.00 101,400 152,100 459,825,000 183,930,000 3,023 華遠 9 北京Yinchuan 朝陽區孫河項目Jinfeng District, No. G2018-19 Project Residential住宅 20.00 53,500 58,900 3,365,000,000 673,000,000 57,152 中粮 Beijing Chaoyang District, Sunhe Project Residential 85 南寧西鄉塘區秀安路39畝項目住宅 50.00 26,300 65,800 314,880,000 157,440,000 4,782 美的 10 青島Nanning 膠州市博觀錦岸東項目Xixiangtang District, Xiu’an Road 39 acres Project Residential住宅 100.00 13,800 21,600 95,620,000 95,620,000 4,427 N/A Qingdao Jiaozhou District, Boguanjinan East Project Residential 86 成都金牛區韋家碾102畝項目住宅 100.00 68,500 137,000 1,383,900,000 1,383,900,000 10,100 N/A 11 青島膠州市博觀錦岸西項目住宅 100.00 63,700 136,200 402,520,000 402,520,000 2,955 N/A Chengdu Jinniu District, Weijianian 102 mu Project Residential Qingdao Jiaozhou District, Boguanjinan West Project Residential

87 濟南槐蔭區瑞公館項目住宅 100.00 37,800 128,600 1,089,420,000 1,089,420,000 8,471 N/A 12 青島黃島區博觀星海一期項目住宅 100.00 18,600 58,700 148,300,000 148,300,000 2,528 N/A QingdaoJinan HuangdaoHuaiyin District, District, Ruigongguan Boguanxinghai Project First Phrase Project Residential

1388 青島煙台黃島區博觀星海二期項目開發區A2及A10項目住宅╱商業住宅 100.00 189,10024,100 378,20034,900 161,620,000832,000,000 161,620,000832,000,000 4,6292,199 N/A QingdaoYantai HuangdaoDevelopment District, Zone, Boguanxinghai A2 & A10 Project Second Phrase ProjectResidential/CommercialResidential

1489 青島臨沂城陽區博觀一品項目羅莊區化武路项目住宅╱商業 100.00 32,00074,600 186,40034,700 154,740,000246,100,000 154,740,000246,100,000 4,4551,320 N/A QingdaoLinyi ChengyangLuozhuang District, HuawuBoguanyipin Road Project Residential/CommercialResidential/Commercial

1590 青島杭州城陽區德郡五期項目余杭區超山13號項目住宅 100.00 49.00 106,70062,200 70,50087,100 173,820,000921,690,000 173,820,000451,630,000 10,5772,466 N/A讚成 QingdaoHangzhou ChengyangYuhang District, District, Chaoshan Dejun FifthNo.13 Phrase Project Project Residential 42 Appendix: Land Acquisition in 2018 (con’t)

本集團規劃建築面積城市項目主要規劃用途所佔权益佔地面積 (不含停車位) 地价总额集团应占地价平均土地成本合营开发商 City Project Intended The Group's Planned GFA Total Consideration Attributable (Average JV Partners Primary Use equity interest Site Area (excluding consideration land cost carparks) （人民幣╱ (%) （平方米）（平方米）（人民币）（人民币）平方米） (sq.m.) (sq.m.) (RMB) (RMB) (RMB/sq.m.) 91 二零一八年的土地收購蘇州虎丘區60號項目住宅 35.00 80,700 169,400 2,311,970,000 809,010,000 13,648 恆基 Suzhou Huqiu District, No. 60 Project Residential Land acquisition from January to December 2018 92 嘉興嘉善縣姚莊2018-6號項目住宅 50.00 39,100 78,100 512,920,000 256,460,000 6,565 東亞新華 1 杭州Jiaxing 臨安區天目山項目Jiashan County, Yaozhuang No. 2018-6 Project Residential商業 100.00 1,195,200 49,900 159,830,000 159,830,000 3,201 N/A Hangzhou Linan District, Tianmushan Project Commercial 93 佛山高明區西江新城項目住宅 34.00 81,100 243,400 1,490,000,000 506,600,000 6,121 雅居樂 Foshan Gaoming District, Xijiang New Town Project Residential 2 杭州臨安區於潛項目商業 100.00 755,400 35,900 68,620,000 68,620,000 1,913 N/A Hangzhou Linan District, Yuqian Project Commercial 2018年合共 2018 Total 12,417,100 76,868,050,000 41,113,110,000 6,190 3 杭州臨安區青山湖科技城項目住宅 50.00 63,500 158,700 1,763,500,000 881,750,000 11,113 中粮 Hangzhou Linan二零一九年一月至二月 District, Qingshanhu, Keji Cheng Project Residential Land acquisition from January to February 2019 4 台州椒江區洪家街道項目住宅╱商業 95.00 28,200 57,400 346,200,000 328,890,000 6,027 軌交置業 1 蘇州吳中區胥口鎮2018-WG-32號孫武路項目住宅 100.00 45,200 76,800 719,130,000 719,130,000 9,368 N/A Taizhou Jiaojiang District, Hongjia Street Project Residential/Commercial Suzhou Wuzhong District, Xukou Town, No. 2018-WG-32 Residential Sunwu Road Project 5 合肥廬陽區1704號項目住宅 51.00 92,200 174,200 1,784,700,000 910,200,000 10,247 雅居乐 2 Hefei蘇州 Luyang吳中區木瀆鎮2018-WG-41號金貓路項目 District, No.1704 Project Residential住宅 100.00 46,600 102,600 1,455,600,000 1,455,600,000 14,194 N/A Suzhou Wuzhong District, Mudu Town, No. 2018-WG-41 Residential Jinmao Road Project 6 張家港南湖路2013-B28-A號項目住宅 100.00 69,800 73,300 609,770,000 609,770,000 8,317 N/A

3 Zhangjiagang蘇州 Nanhu吳中區甪直鎮2018-WG-43號堰裡北項目 Road, No. 2013-B28-A Project Residential住宅 100.00 45,100 99,200 1,113,220,000 1,113,220,000 11,217 N/A Wuzhong District, Luzhi Town, No. 2018-WG-43 Suzhou Residential 7 張家港金港大道2013-B27項目North Yanli Project 住宅 50.00 27,100 40,600 287,460,000 143,730,000 7,074 陽光城 Zhangjiagang Jingang Avenue, No. 2013-B27 Project Residential 4 武漢漢陽區曙光村項目住宅 100.00 100,100 521,600 4,056,920,000 4,056,920,000 7,784 N/A Wuhan Hanyang Village, Shuguang Village Project Residential 8 上海楊浦區定海社區項目辦公樓╱商業 50.00 36,500 109,500 2,980,000,000 1,490,000,000 27,222 宝龙

5 Shanghai長沙 Yangpu長沙縣081號項目 District, Dinghai Community Project Office/Commercial住宅 100.00 63,900 192,000 764,620,000 764,620,000 3,990 N/A Changsha Changsha County, No. 081 Project Residential 9 北京朝陽區孫河項目住宅 20.00 53,500 58,900 3,365,000,000 673,000,000 57,152 中粮 6 Beijing瀋陽 Chaoyang皇姑區車輛段西項目 District, Sunhe Project Residential住宅 100.00 6,500 19,600 85,110,000 85,110,000 4,350 N/A Shenyang Huanggu District, West Rail Yard Project Residential

107 青島上海膠州市博觀錦岸東項目浦東新區洋涇社區C000204項目住宅商業 100.00 50.00 13,8003,700 21,6003,000 61,900,00095,620,000 30,950,00095,620,000 20,8704,427 雲南金科N/A QingdaoShanghai JiaozhouPudong NewDistrict, Area, Boguanjinan Yangjing Subdistrict, East Project CommercialResidential C000204 Project 11 青島膠州市博觀錦岸西項目住宅 100.00 63,700 136,200 402,520,000 402,520,000 2,955 N/A 8 昆明經開區KCJ2018-5項目住宅 51.00 71,800 179,500 425,490,000 217,000,000 2,371 香港置地 Qingdao JiaozhouEconomic District, and Technological Boguanjinan Development West Project Zone, Residential Kunming Residential KCJ2018-5 Project 12 青島黃島區博觀星海一期項目住宅 100.00 18,600 58,700 148,300,000 148,300,000 2,528 N/A 9 Qingdao天津 Huangdao濱海新區塘沽灣項目 District, Boguanxinghai First Phrase Project Residential住宅 100.00 41,600 62,400 333,000,000 333,000,000 5337 N/A Tianjin Binhai New Area, Tanggu Bay Project Residential 13 青島黃島區博觀星海二期項目住宅 100.00 24,100 34,900 161,620,000 161,620,000 4,629 N/A 10 南昌紅谷灘新區2019003項目住宅 100.00 96,100 211,500 605,590,000 605,590,000 2,864 N/A QingdaoNanchang HuangdaoHonggutan District, New District, Boguanxinghai 2019003 SecondProject Phrase Project Residential

1411 青島上海城陽區博觀一品項目浦東新區浦江華僑城項目寫字樓/商業住宅╱商業 100.00 30.00 38,10032,000 95,90034,700 1,237,100,000154,740,000 371,130,000154,740,000 12,9004,455 平安N/A Shanghai Pudong New Area, Pujiang Overseas Chinese Qingdao Chengyang District, Boguanyipin Project Residential/CommercialOffice/Commercial Town Project

15 青島城陽區德郡五期項目住宅 100.00 106,700 70,500 173,820,000 173,820,000 2,466 N/A 2019年1-2月合共 Qingdao Chengyang District, Dejun Fifth Phrase Project Residential First 2M 2019 1,564,100 10,857,680,000 9,752,270,000 6,942 43 Operating Cash Flow

Focusing on first-, second and quasi-second tier cities; leading growth in the industry in terms of sales and cash collection Focusing on cash collection and operating cash flow In 2018, CIFI’s cash collection was 87%

Operating Cash Flow Guidance

2018 2019 (RMB B) (Actual) (Guidance) Operating cash inflow 67.4 94.0 (attrib. contracted sales, plus other revenues)

Operating cash outflow (78.8) (94.0) - Land acquisition (attrib. to CIFI) (46.0) (52.0) - Capex for construction (attrib. to CIFI) (15.7) (20.0) - Taxes (10.0) (12.5) - Interests (3.8) (5.5) - SG&A (3.3) (4.0) (11.4) -

44 Major Onshore & Offshore Financing Activities in 2018

Domestic public corporate bonds

In Aug 2018, issued RMB2.5B bonds at a coupon rate of 5.46% and a tenure of 2+1 years Financing In Sep 2018, issued RMB875M bonds at a coupon rate of 6.39% and a tenure of 3+1 years Onshore Domestic non-public corporate bonds In Mar 2018, issued RMB800M bonds at a coupon rate of 6.50% and a tenure of 2+2 years In Mar 2018, issued RMB2.7B bonds at a coupon rate of 6.80% and a tenure of 3+2 years

Offshore public US dollar bonds In Jan 2018, 5-year US$300M senior notes were issued at a coupon rate of 5.5% In Feb 2018, HK$2.79B (approx. US$357M) zero coupon convertible bonds due 2019 at conversion price of HK$8.9 per

Financing Offshore In Apr 2018, 3-year US$500M senior notes were issued at a coupon rate of 6.875%; and 2-year US$300M senior notes were issued at coupon rate of 6.375% In Sep 2018, 2-year CNH$1B senior notes were issued at a coupon rate of 7.75%; 2.25-year US$300M senior notes were issued at a bond yield rate of 8.625% In Dec 2018, 2-year US$400M senior notes were issued at a coupon rate of 7.625% In Feb 2019, 4-year US$300M senior notes were issued at a coupon rate of 7.625% In Feb 2019, Redeemed the remaining CB of aggregate outstanding principal amount of HK$1.024B