Host: Good afternoon, friends form the news media. First of all, welcome to participate in the news conference of Evergrande's sales performance of September 2011. Next, please allow me to introduce the present guests:
        Dr. Xia Haijun, Vice-chairman of the Board of Directors and President; 
        Mr. Xie Huihua, Chief Financial Officer and Executive Director; and 
        Mr. Lai Lixin, Vice-president and Executive Director.

Now please President Lai introduce the sales performance of September 2011.

Vice-president Lai Lixin: Thanks to participate in today's news conference of sales performance. Now please allow me to introduce the Company's sales performance of September this year briefly. 
        In September 2011, the Group achieved the contracted sales volume of 9.16 billion yuan, with an increase of 79.4% compared to that of the corresponding period of 2010, which was 5.11 billion yuan, the contracted sales area of 1,513,000.00 square meters, with an increase of 90.1% compared to that of the corresponding period of 2010, which was 796,000.00 square meters, and the contracted average sales price of 6,052 yuan per square meter. 
        In September 2011, the Group achieved the contracted sales volume of 9.16 billion yuan, with an increase of 0.6% compared to that of August, which was 9.1 billion, the contracted sales area of 1,513,000.00 square meters, with an increase of 4.2% compared to that of August, which was 1,452,000.00 square meters, and the contracted average sales price of 6,052 yuan per square meter. 
        From January through September 2011, the Group achieved the accumulative contracted sales volume of 69.26 billion yuan, with an increase of 94.5% compared to that of the corresponding period of 2010, which was 35.6 billion yuan, and the accumulative contracted sales area of 10,458,000.00 square meters, with an increase of 83.5% compared to that of the corresponding period of 2010, which was 5,698,000.00 square meters. 
        In October, we plan to launch 12~13 new projects, with a new increase in the salable amount of more than 3,150,000.00 square meters in the full month; plus the current salable amount of 6,880,000.00 square meters, it is expected that the full-month salable amount of October will remain about 10 million square meters, still maintaining the sufficient supply.

Host: Next is the question time for journalists.

Journalist: How is the sales performance of the National Day? Ha the target of 70 billion yuan been completed? 
        President Xia Haijun: The sales performance of October will be announced in November due to the regulations for listed companies. The sales performance is relatively good.

HK Daily News: In your opinion, the major development in the second- and third-tier cities has avoided the policy risk. Will the development in the next several yeas focus on the commercial real estate? Now many real estate companies in Hong Kong, including Tai Koo and Starwell, have moved to the Mainland commercial real estate. What is the plan of Evergrande? 
        President Xia Haijun: In the past several years, Evergrande,  pre-listed or post-listed, has been focusing on the residential projects, and the growth of Evergrande has been changing with each passing day. Our sale volume was 30.3 billion yuan in 2009, and was 50.4 billion yuan in 2010. This year, there will be significant increase on the basis of 70 billion yuan. The Company has obtained stable income and cash balance. Along with the increasingly better sales performance and cash flow, under the circumstance of sufficient capital, the Company will consider the gradual increase in the investment in the commercial real estate field in the future this investment cannot be accomplished in an action, which should be a ten-year to twenty-year plan. The investment in the commercial real estate field should be gradually increased according to our abilities, so as to ensure the investment in the commercial property is gradually increased under the benign sales of commercial residential buildings.