Yuexiu Property Company Limited reported unaudited sales results for the month and year to date ended December 31, 2020. In December 2020, the value of the Company's contracted sales (including contracted sales by joint venture projects) amounted to approximately RMB 11,347 million, representing a year-on-year decrease of approximately 4%. The corresponding gross floor area (" GFA ") amounted to approximately 441,900 sq.m., representing a year-on-year decrease of approximately 36%. The value of the aggregate contracted sales (including contracted sales by joint venture projects) of the company for the period from January to December 2020 ("Accumulated Contracted Sales") amounted to approximately RMB 95,763 million, representing a year-on-year increase of approximately 33%. The corresponding GFA of the Accumulated Contracted Sales amounted to approximately 3,793,100 sq.m., representing a year-on-year increase of approximately 9%. The value of the Accumulated Contracted Sales accounted for approximately 119% of the 2020 contracted sales target of RMB 80.2 billion.