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• Revenue: -41% (2Q09)
• Net Profit: NM (2Q09)
• Outlook: Despite China’s economy entered into rougher waters late last year, the property scene in China has staged a rebound in Q2 2009. In the light of which, the Group has gradually resumed the development of the projects which were previously suspended/halted
• With regard to the negotiation with the syndicated banks (the “Lenders”) on the possible restructuring of the US$ 120 million syndicated loan, the Company has recently presented to the Lenders a debt restructuring plan and active negotiations are ongoing.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 11,105 59,205
2008 94,120 100,657 5,954 5,063 205,794
2007 115,018 85,910 103,317 5,946 310,191
2006 8,605 30,802 142,635 410,274 592,316
2005 12,011 47,068 128,918 438,628 626,625
2004 NA NA NA NA 422,413
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 (51,184) (59,217)
2008 69,549 41,202 (36,515) (368,559) (293,144)
2007 5,293 19,586 24,208 6,927 56,014
2006 1,050 15,633 46,667 86,640 149,990
2005 2,134 11,554 21,868 109,927 145,483
2004 NA NA NA NA 173,150
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 NA NA NA
2006 NA 0.010149 NA
2005 NA 0.0071000 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $0.111
EPS = $(0.0125) (2Q FY09)
No of Shares = 978,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA