GREENTOWN CHINA HOLDINGS LIMITED IS ONE OF THE LEADING PROPERTY DEVELOPERS IN CHINA. IT KEEPS A LEADING POSITION IN THE INDUSTRY IN VIRTUE OF ITS QUALITY PROPERTIES, UNIQUE ARCHITECTURAL AESTHETICS AND CUSTOMERFOCUSED RESIDENTIAL SERVICES, AND IS COMMITTED TO BEING THE NO. 1 "INTEGRATED SERVICE PROVIDER FOR AN IDEAL LIFE". THE COMPANY WAS AWARDED THE "TOP 10 CHINESE REAL ESTATE ENTERPRISES BY COMPREHENSIVE STRENGTH" FOR THE 12TH CONSECUTIVE YEAR BY THE DEVELOPMENT RESEARCH CENTER OF THE STATE COUNCIL, THE INSTITUTE OF REAL ESTATE STUDIES AT TSINGHUA UNIVERSITY AND THE CHINA INDEX ACADEMY, REELECTED AS THE "TOP 10 LARGEST CHINESE REAL ESTATE ENTERPRISES" AND WAS AGAIN NAMED THE "TOP 10 BRANDS OF CHINESE REAL ESTATE COMPANIES (DIVERSIFIED OWNERSHIP)" FOR THE 13TH CONSECUTIVE YEAR WITH A BRAND VALUE OF RMB25.39 BILLION. MEANWHILE, WITH THE EFFORTS ON CONSTRUCTION OF RESETTLEMENT HOUSING AND CHARITY SERVICES, GREENTOWN WAS REELECTED AS "CHINA REAL ESTATE ENTERPRISES WITH A SENSE OF SOCIAL RESPONSIBILITY" FOR MANY YEARS, AND WAS AWARDED "2016 CHINA LEADING REAL ESTATE COMPANIES BY CUSTOMER SATISFACTION" FOR ITS QUALITY PRODUCTS.

Greentown China Holdings Limited is a mixed ownership enterprise engaging in the business of property development, project management, asset operation and living services. It maintains a leading position in the market with high construction quality and excellent living services. Over 22 years of development, Greentown has over 300 member companies and its scope of business covers more than 20 provinces, autonomous regions and direct-controlled municipalities. It has presence in over 100 cities, having constructed more than 400 exquisite property complexes.

On 8 June 2012, Wharf was introduced as a strategic shareholder of Greentown. The aggregate investment from Wharf amounted to approximately HK$5.1 billion (equivalent to approximately RMB4.16 billion), including the subscription of approximately 490 million placing shares and the subscription of convertible securities (which have been redeemed in full in February 2014). As at the date of this report, Wharf (through its wholly-owned subsidiary) held approximately 25.0% of the total issued share capital of the Company.

On 27 March 2015, CCCG completed the share transaction with Mr SONG Weiping and other related shareholders pursuant to which CCCG acquired an aggregate of 524,851,793 shares of the Company at HK$11.46 per share in cash (representing a total consideration of approximately HK$6.015 billion). On 4 June 2015, CCCG acquired another 100 million shares of the Company at HK$11.46 per share. As at the date of this report, CCCG held approximately 28.9% of the total issued share capital in the Company, making it the single largest shareholder of Greentown.

Being a professional developer of premium property in the PRC, Greentown Group has always insisted on innovation and continued to explore the relationship between human and dwellings with excellent accomplishment in the lowrise, multi-storey and high-rise residential properties. Based on the construction of beautiful architecture, Greentown Group is committed to building a better life for more people. Its future layout will focus on the first-tier and second-tier cities like Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Tianjin, Nanjing, Chongqing, Jinan, and other major cities overseas. As at 31 December 2016, the premium land bank of Greentown Group comprised a total GFA of over 29.12 million sqm ensuring the sustainable and steady development of the Company in the coming future. With its quality human resources and highly effective corporate management structure, Greentown has established an outstanding brand image in all cities where it operates. The Group’s experience in developing numerous high-quality projects and outstanding operational capabilities accumulated so far have provided a strong momentum for its further expansion.

Since September 2010, Greentown Group has commenced the project management business. In September 2015, the Company acquired Greentown Dingyi and Greentown Shidai, and established Greentown Project Management Group. The Company has already undertaken an orderly integration of businesses, management teams and governing systems and led the industry with a complete standardized system of "Project Management 4.0", bringing in an increasingly sophisticated assetlight operation model and fast-growing business. On 27 June 2016, the Company published an announcement in relation to the restructuring of Bluetown, involving, among other matters, the acquisition of project management business of Bluetown and its merging with Greentown Project Management Group. As a result, the new Greentown Project Management Group has further expanded its scale. As at 31 December 2016, the total number of projects managed by the new Greentown Project Management Group, taking into account the proposed restructuring and consolidation, has reached 164 in total with a planned total GFA of approximately 45.57 million sqm. Greentown project Management Group will evolve into the largest and the most professional asset-light operation group of real estate in China.

In 2016, to optimize the organizational structure of Greentown Group, a brandnew management structure and business development layout in the form of "one body, four wings" was established, with Greentown China being the core and four sub-groups, namely Greentown Real Estate, Greentown Project Management, Greentown Asset Management and Greentown Town Development, being the four wings, which will hand in hand bui ld the brand of "No. 1 integrated service provider for an ideal life in China". In March 2017, Greentown China has formally established Greentown Ideal Life Technology Co., Ltd* (綠城理想生活科技有限公司), striving to build up five major segments, to facilitate the transformation of Greentown China from the "home builder" to "lifestyle builder", and to uplift the future core competitiveness of Greentown China.

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