2014.05.20

On May 20, 2014, Times Property and Guangzhou Yuexiu Industrial Investment Fund Management Company Limited ("Yuexiu Industrial Investment Fund") held the signing ceremony of strategic cooperation at Guangzhou International Financial Center, during which the two parties signed a strategic cooperation framework agreement to establish partnership. Mr. Shum Chiu Hung, the president of Times Property and Tao Chengjiang and the director of the Financial Center attended the signing ceremony. Fang Jiachun, the president of Yuexiu Industrial Fund and Chen Yanping, vice president of Yuexiu Industrial Investment Fund were also present. This cooperation between two giants will open a new chapter for the future.

Yuexiu Industrial Investment Fund, as an emerging strategic industrial platform built by Yuexiu Group, is steadily functioning under the guidance with such concepts as marketization, specialization and internationalization. Its comprehensive financial services and innovative service concepts are both well-developed, taking the lead in the real estate investment fund industry and private equity investment fund industry in southern China, enormously contributing to the development of regional economy and emerging industries.

Times Property, as an emerging listed real estate company, has expanded its market to other regions of China from southern China and turned itself into a company listed on the Hong Kong Stock Exchanges from a private enterprise during 15 years of development. Support from its partners is indispensable for every little bit of its progress. Both sides seek mutual development and growth, want to facilitate win-win situations through their strategic partnership and wish to establish a solid foundation for further and deeper cooperation.

At the ceremony, President Shum noted, "2014 is the crucial year for Times Property's development. It's the year for breakthrough in the group's strategic targets and for launching a new page for future. We have landed on the international capital market, which will offer an entirely new platform for development. It is on this occasion that both sides become strategic partners, marking a new stage for further cooperation. In the future, we wish that both sides utilize their own resources to explore a larger space of development and to ensure extensive and deeper cooperation for win-win results. "