Yuexiu Property Company Limited reported unaudited sales results for the month and year to date ended December 31, 2019. In December 2019, the value of the company's contracted sales (including contracted sales by joint venture projects) amounted to approximately RMB 11,824 million, representing a year-on-year increase of approximately 5%. The corresponding gross floor area (" GFA ") amounted to approximately 692,500 sq.m., representing a year-on-year increase of approximately 21%. The value of the aggregate contracted sales (including contracted sales by joint venture projects) of the company for the period from January to December 2019 ("Accumulated Contracted Sales") amounted to approximately RMB 72,114 million, representing a year-on-year increase of approximately 25%. The corresponding GFA of the Accumulated Contracted Sales amounted to approximately 3,490,500 sq.m., representing a year-on-year increase of approximately 26%. The value of the Accumulated Contracted Sales accounted for approximately 106% of the 2019 contracted sales target of RMB 68 billion.