Host: Hello, everybody. Welcome to the news conference of contracted performance of Evergrande in August 2011. Present at the news conference are Dr. Xia Haijun, Vice-chairman of the Board of Directors and President of the Group, Mr. Xie Huihua, ChieF Financial Officer and Executive Director, Mr. Lai Lixin, Vice-president and Executive Director, and other leaders of Evergrande Group. Next, let's welcome Mr. Lai to introduce the contracted performance in August 2011.

Vice-president Lai Lixin: Thanks for participating in the news conference of contracted performance in August 2011 today.
        In August 2011, the Group achieved the contracted sales volume of 9.1 billion yuan, with an increase of 105% compared to that of the corresponding period of 2010, which was 4.44 billion yuan, and the contracted sales area of 1,452,000.00 square meters, with an increase of 106.9% compared to that of the correspondin period of 2010, which was 702,000.000 square meters.
        In August 2011, the Group achieved the contracted sales volume of 9.1 billion yuan, with an increase of 4.8% compared to that of July, which was 8.68 billion yuan, and the contracted sales area of 1,452,000.00 square meters, with an increase of 5.6% compared to that of July, which was 1,376,000.00 square meters. 
        From January through August 2011, the Group achieved the accumulative contracted sales volume of 60.1 billion yuan, with an increase of 97.1% compared to that of the corresponding period of 2010, which was 30.5 billion yuan, and the accumulative contracted sales area of 8,944,000.00 square meters, with an increase of 82.5% compared to that of the corresponding period of 2010, which was 4,902,000.00 square meters.

Host: Now is the Q& A time. Please introduce your name of medium before questioning.

Securities Times: President Xia, our find that many real estate enterprises had their sales decreased, but how Evergrande could keep the performance growth?
        President Xia Haijun: In the first eight months this year, we achieved the sales volume of 60 billion yuan, and it is expected we would complete the full-year target of 70 billion yuan by the National Day. This is the growth of 40% on the basis of 50 billion yuan last year. The primary reason for Evergrande to achieve the benign sales under the macro-control this year and to achieve the leap-forward growth on the basis of 2010 is that we focus on the first house-purchasers and the customers with rigid demand.

Journalist: One half of September has passed. Has the Golden September of Evergrande appeared? What changes will the recent gold road show bring for the strategy of the Company?
        President Xia Haijun: The sales of the last half month was good, and the sales of the next half month would be better. Therefore, the expectation of Evergrande's Golden September and Silver October is worth looking forward to.
        We walked the capital market thoroughly this time, and met the global investors. The global capital market offered us many opinions and brought many informations. For example, how should the Company achieve the performance growth. The management of the Company will hold meetings to discuss carefully and decide the future trend and the future strategy.