China Securities Journal, April 12, 2010

On April 12, the Results Report of Evergrande Real Estate Group showed that it newly purchased 13 pieces of land in 9 cities of China in 2009, with an increase of land reserve for construction area of 13.08 million square meters. By the end of 2009, the Group had owned 57 real estate projects in 25 major cities of the country, with the land reserve for construction area of 54.976 million square meters.

Evergrande said, currently the Group was in a state of holding net cash, and held the cash amount (including cash, cash equivalent, and restricted cash) of 14.38 billion yuan (in RMB, the same below), an increase of 649.0%, with the total amount of bank loan of 14.18 billion yuan, the unused bank financing amount of 20.45 billion yuan, and the recoverable contracted sales amount of 5.7 billion yuan.