Aug 26, 2010
Press Release

Ying Li Strengthens Leadership Position with Acquisition of Prime Commercial Site in Chongqing’s Jiefangbei Central Business District

• Prime land bank in the heart of Chongqing Jiefangbei Central Business District (“CBD”) – The most affluent district in the world’s most populous city
• 9,521 square meter (sq.m) land was acquired for RMB 697million, adding approximately 160,000 sq.m to the Group’s total landbank
• To be developed into an integrated development project with Grade A office and retail integrated development

Singapore Exchange (SGX) Mainboard listed Ying Li International Real Estate Limited (“Ying Li” or the “Company”, and together with its subsidiaries, the “Group”), a real estate developer focused on developing high-end integrated commercial and residential property projects in prime CBD districts of Chongqing, is pleased to announce the successful acquisition of a 9,521 sq.m prime commercial development site along Wu Yi Road Financial Street in Jiefangbei CBD district, Chongqing, with a total planned gross floor area (“GFA”) of approximately 160,000 sq.m , for RMB 697million in a public land tender.

Wu Yi Road Financial Street is strategically situated within the prime Jeifangbei CBD of Yuzhong, Chongqing. Jiefangbei walking street is one of the top 10 pedestrian street in the People’s Republic of China where major shopping malls and offices are located. The development will comprise an estimated 90,000 sq.m of grade A office space as well as 40,000 sq.m of high-end retail space. This project is expected to be fully completed by end 2013, and will allow Ying Li to capitalise on the rapid growth demand for grade A office space in prime CBD of Chongqing.

Commenting on the latest acquisition, Mr. Fang Ming, CEO of Ying Li, said: “I am pleased to have successfully acquired this land as it is the first development phase of Wu Yi Road Financial Street. This is part of the Chongqing municipal government’s RMB 600 billion plan to redevelop the city centre to make Chongqing CBD a financial hub. Together with the central government’s “Go West” development policies, we expect to see more multinational companies and large domestic corporation relocating or setting up offices in this district.”

Mr. Fang added, “By leveraging on our excellent track record and experiences, we are confident this project will be well received by financial institutions seeking strategically located grade A office spaces and contribute positively to the Group’s future development and performance. We have now reinforced and enhanced our leadership position as the largest commercial CBD landlord in the most affluent district in the most populous city in the world.”

Project Site Details
Location	Wu Yi Road, Yuzhong, Chongqing
Site Area	9,521 sq.m
Plot Ratio	Approx. 16.8times
Total Planned GFA	Approx. 160,000 sq.m
Planned Office GFA	Approx. 90,000 sq.m
Planned Retail GFA	Approx. 40,000 sq.m
Tenure	40 Years (Retail & Office)