On January 20 th , 1988, our company was formally registered, with a name as "Shenzhen Shangbu Industrial Village Construction Service Company", with the office address at first floor, building 305, Shazhui Industrial Village, Shangbu.

In January 1992, our company was renamed as "Shenzhen Futian Gemdale Industry Development Co., Ltd".

In January 1993, our company obtains the license for real estate business, and obtained the license to supervise the quality of construction work of our own buildings in August.

In March 1993, our headquarters moved to the east side of 6 th floor, Block C, Shenfang Building, No.3 Zhenhua Road, Futian District.

In March 1993, Gemdale Property Management Co., Ltd was founded.

In July 1993, Shazhui Industrial Village was formally renamed as "Gemdale Industrial Village".

In Sept 1993, the first employee conference was held.

In 1994,The first residential district of the Gemdale Corporation named "Gemdale Garden", was offered to the market.

In 1996,The "Gemdale Seaview Garden" was sold to the market.

In 1997,Both the "Gemdale Garden" and " Gemdale Seaview Garden " were chosen as the "Model Residential District for the National Properties Management"; in the same year, the "Gemdale Industrial Zone" was chosen as the "Outstanding Industrial Zone in National Urban Properties Management".

In 1997,The Gemdale Corporation won the "May Day Certificate of Merit " .

In 1998,The "Gemdale Pattern" was accepted and recognized by the experts and organizations on the symposium of "Modern Enterprise System and Gemdale Pattern" sponsored by the People's Daily in the Great Hall of the People, and since then the company has become a successful symbol standing for the State-Owned Enterprises. In the same year, the Gemdale Corporation got the "Modernized Innovative Achievements Prize of the National Enterprise Management" from the China's Association of Enterprise Management.

In 1998,The Gemdale Corporation was honored as the Shenzhen's "Best Taxpayers".

In 1999,The "Gemdale Green Garden" was sold to the public, setting a record for a property being developed and sold out within one year.

In 1999,The "Golden Bay Garden" was offered to the public, and was sold out in a half year.

In 2000, The design of "Golden Bay Garden" achieved the first place of special gold medal of organizing committee in the national "Innovative Storm" Contest of Residential Design.

In 2001,The Gemdale Corporation was among the first group of real estate companies listed in Shanghai Stock Exchange after 1993, issuring 90,000,000 A shares publicly.

In 2001, Gemdale Property Management Co., Ltd was rated by the Ministry of Construction as Level 1 State Property Management Enterprise.

On April 30, 2001, Mr. Ling Ke, Chairman of the Board of Directors of Gemdale Corporation was elected as one of the Top Ten Persons in Chinese Real Estate business, in the committee of "2001 Recommending the Successful Model of Chinese Real Estate".

In September 2001, Gemdale Corporation ranked Number Three on the list of Top 10 Listed Real Estate Companies in China, granted by the periodical Financial Times·New Real Estate.

In 2001, Gemdale Corporation was honorably granted Outstanding Enterprise of Quality and Profit.

In September 2001, Gemdale Property Management Co., Ltd was honorably granted Satisfying Enterprise 2001 Shenzhen.

In October 2001, Gemdale Corporation was awarded the title of Enterprise in Good faith in the Election of "Enterprises Selling 'Reassured House' " organized by the Ministry of Construction.

In November 2001, Gemdale was awarded an honorable title of Reputed Real Estate Enterprise in China.

In January 2002, Gemdale Corporation was rated AAA in Chinese Construction industry.

In February 2002, Gemdale Corporation was granted the State Level 1 Qualification for Real Estate Development Enterprise.

In June 2002, Gemdale Green Town was elected as Innovation Demonstrative Building, the top prize in the Innovative Housing Bid 2002 China.

In June 2002,Gemdale seaview garden-Green coastline was titled Demonstrative Housing Design in the Innovation Housing Bid 2002 China.

On February 28th, Gemdale Corporation and Jia Bao Group signed agreement with Shanghai Jiading District Government for "Green Style", a 1.4 million-square-meter residential development project in Shanghai.

"Gemdale Corporation Company Culture Year Kick Off Ceremony" was held on May 9th. The theme of the year was "Improve our Capabilities", and the culture of the year was "openness, sharing and prosperity"

Dongguan Gemdale Real Estate Investment Co. Ltd was established on June 23rd, 2003.

Gemdale Wuhuan Real Estate Development Co. Ltd and Wuhan Gemdale Hongye Real Estate Development Co Ltd were established on June 21st, 2002.

In July, Gemdale was ranked No. 39 in the "50 Public Companies with Greatest Future Potentials in China" by China Securities Journal.

Gemdale Green Spring Dawn and Gemdale Green Spring, two residential development projects, officially started on December 6th, 2003.

Shuanglong Real Estate Trust & Investment Project was launched on December 10, 2003. The project is jointly initiated by Gemdale Corporation, Greentown Group and Hangzhou Tonghe Real Estate Investment Co., Ltd. The depositary, trustee and investment consultant are Kinghing Trust & Investment Co., Ltd., China Construction Bank Zhejiang Branch and Gemdale Corporation respectively.

On July 8 th , the Comprehensive Business Department of the National Engineering Research Center for Human Settlements held in Yizhuang-based Jin Jiang Fu Guo Hotel the Inspection Meeting of First Batch National Healthy Construction Pilot Project, in which the Gemdale Green Town Healthy Residential Quarter Pilot Project was inspected and passed.

Starting from August, Gemdale Home World Customer Club organized house owners and club members a campaign to donate for poverty-hit students in Qinghai named as "Love Upholds the Dream of Going to School", contributed some materials to poverty-hit students of Datong County, Qinghai Province, expressed the sense of social responsibility of Gemdale and the efforts made to add "social value".

On October 16 th , sponsored by Shanghai Jiading District People's Government and co-sponsored by Jiefang Daily, "Joint Efforts of Government and Business, Old City Shows New Face -- 21 Century Old Downtown Area Makeover Development Orientation Forum" was successfully held in Universal Ever-Rich Hotel Shanghai, deputy chief and other officials of Qingpu District and prestigious experts in business attended this forum, Gemdale Green Spring Bank was honored to be chosen as a particularly selected case of this forum because of its success of old downtown area makeover in Jiading District.

From November 18 th to 19 th , the "Brand Value Management Forum" co-organized by 21st Century Herald and Interbrand (the founder of "Top 100 Global Brand Value"), the largest comprehensive brand consulting company, was pompously held in Shanghai International Conference Center, Gemdale President Zhang Huagang attended this forum together with representatives of more than 10 well-known homegrown or international companies like BMW, HSBC, IBM, Nike, GE, Microsoft, China Mobile President Zhang Huagang made a keynote speech entitled as Elevating Brand Value with Customer Value.

On November 20 th , Gemdale Green Town, the first project of Gemdale to enter into Wuhan and explore central China market, started to sell apartments under the attentions of numerous customers, over 1,500 customers competed for a little more than 400 apartments, and successfully ignited the zeal of Wuhan residents for home.

On December 3 rd , the CIHAF (CHINA International Housing and Archi-tech Fair) celebrated as "Olympic of China's Real Estate Industry" was held in SNIEC (Shanghai New International Exhibition Center). Gemdale debuted with the brand new philosophy of "building home with science". In this show, major residential quarters developed by Gemdale in Shenzhen, Shanghai, Beijing, Wuhan and other cities were all presented and made quite a big stir.

On December 6 th , the first store of Gemdale House-Buying in 3 rd level market of Wuhan, Gemdale House-Buying Nanhu Store, was formally put into operation, which played the main rhythm of Gemdale House-Buying of interacting between 2 nd level and 3 rd level markets of Wuhan by the beautiful Nanhu Lake, signified the cross-regional expansion strategy of Gemdale House-Buying had made new breakthrough, formed Gemdale's integrated strategic layout in Wuhan real estate market which includes real estate development, scheming and agency, property management and broker service.

In the night of December 17 th , the celebration party for 10 th anniversary and 100 th issue of Gemdale Weekly was successfully held in the multi-functional hall at 5 th floor of Gemdale. Corporate Top Management Chairman Ling Ke, President Zhang Huagang, Chairman of Board of Trustees Chen Bi'an, Shu Xin, secretary general of Shenzhen Press Association, and Wang Hongyue, chief journalist of China Housing Market presented the party.

On December 24 th , Gemdale successfully issued more shares in A-share market, 109 institutional investors including nearly 70 funds, social security funds portfolio and QFIIs made purchase requests outside the market, with the effective number of shares requested reaching 3,468 million.

On December 30 th , the securities registration work of new shares issued was completed, and the number of shares of Gemdale grew from 270 million to 370 million. Approved by the Shanghai Stock Exchange, new shares issued this time was tradable in the market effective from January 6 th 2005.

Effective from December 25 th , Gemdale Green Spring Bank welcomed in the house owners of the first phase.

In the night of December 26 th , "Sound of Gemdale -- 2005 New Year Symphony Concert" brought by National Symphony Orchestra of Russia was played in Shenzhen Hall. This was a big holiday gift given by Gemdale "Home World" Customer Club to thank house owners across the country.

On December 30 th , Gemdale Shanghai Company conducted the agreement signing ceremony with Yunhu Group over the cooperation on "No. 418 Plot (Phase One) of Qingpu District, Shanghai".

In January, the first phase of Gemdale Homage Hill welcomed the house owners to move in.

At 3:00PM, January 15 th , the inaugurating ceremony of House Sales Center of Gemdale Vision Trip was held, executives of Pudong Development Group and Gemdale gathered together to celebrate the commencement of Gemdale Vision Trip Project on which the two groups joined hands to cooperate.

On February 4 th , the new logo system of Gemdale was formally put into use within the company. At the night of that day, HR Dept organized a ceremony to kick off the use of new logo, and more than 400 Gemdale employees witnessed this exhilarating historic moment.

On February 7 th , Gemdale successfully obtained the right to develop the No. 013 Plot 2004(auctioned), Junnan District, Tianjin City. Situated at Shuanggang Town, Junnan District, Tianjin, this project would cover an area of 377,333m 2 , with the floor area ratio not greater than 1.4. This land is limited to residential purpose.

In March, according to the last statistical data of Shenzhen Municipal Planning & Land Bureau, Gemdale Homage Hill of Gemdale (Shenzhen) Company ranked 4 th in Shenzhen and 2 nd in Futian District by sales revenue in 2004.

On April 8 th , Gemdale Tianjin Company was formally founded, registered as "Gemdale Tianjin Real Estate Development Co., Ltd", with registered capital of 28 million RMB.

On April 11 th , "Science Illustrates Residence -- Gemdale Brand New Image Launch and 2004 Performance Promotion Fair" campaign lasted for half a month, showed in Beijing, Wuhan, Shanghai and Shenzhen respectively, Gemdale formally showed to the external world the Gemdale Brand New Image and the brand philosophy of "building home with science", and in the mean time introduced to visiting guests the excellent achievement Gemdale made in 2004. This is a key milestone of Gemdale Brand construction history.

On May 7 th , Pufa Gemdale Vision Trip, the most differentiated project in Shanghai real estate market, started to sell apartments pompously. 215 apartments were sold in the first day. It created a miracle in the stagnant Shanghai housing market.

On May 22 nd , "the No. 1 Explosion" highly focused by people of all walks of life, the demolition and explosion of old buildings of Shenzhen Yunong Village was completed smoothly. The total area of explosion of Yunong Village was up to 51,000m 2 . 16 tall buildings were exploded at one time, reaching the highest record in explosion area, scale and technical difficulty in China.

On July 5 th , the founding ceremony of Gemdale Tianjin Real Estate Development Co., Ltd was held in Renaissance Tianjin Hotel. Executives of business departments of Gemdale, Gemdale Beijing Company, Gemdale Property Management, Gemdale House-Buying, leaders of Junnan District Committee of CPC and Government of Tianjin, Junnan District Planning & Land Bureau , Junnan District Construction Commission, Shuanggang Town Government, and a good many mainstream media of Tianjin presented to congratulate.

In the morning of October 8 th , invited by the Business School, University of Columbia, U.S., Chairman Ling Ke made a keynote speech to nearly 100 EMBA students in Warren Hall. In his speech, Chairman Ling Ke elaborated on the status quo and development prospect of real estate market of China, operating mode of Chinese and American real estate developers, exploration and trial of Gemdale in real estate investment, and answered questions raised by students.

On October 21 st , Gemdale successfully obtained the Ningbo 4 th Bus Company project of Xincheng District, Yinzhou, Ningbo at Ningbo Planning and Land Bureau, and entered into the real estate market of Ningbo.

On December 5 th , Gemdale Beijing Company successfully obtained the C2 plot of Life Take-off Area, Majuqiao Town with 408 million RMB.

In the night of December 24 th , Gemdale house owners and Gemdale Home World Club members, nearly 1,500 persons in all, gathered at the central theatre of Splendid China of Shenzhen OCT (Oversea Chinese Town) to participate the "Gemdale Home World Gives Dream a Home" 2005 Customer Acknowledgement Party held by Gemdale Shenzhen Company.

By the end of December, Gemdale conducted the agreement signing ceremony with Jianxin Group over the cooperation on "Xi'an Zhijing Garden Plot", Gemdale successfully entered into Xi'an market. A new round of strategic expansion thought of the group showed initial effects.

On January 10, 2006, Sohu 2005 China New Vision Annual Best Enterprise Public Image Awarding Ceremony was held in Centennial Memorial Hall of Peking University. Gemdale Group was awarded with Best Enterprise Public Image Award and "Best Employer Award".

In the early January 2006, at the Annual Work Meeting and “Good News” Appraisal Meeting 2005 for the magazines and journals in Shenzhen, Gemdale Monthly and Gemdale Real Estate News won the comprehensive awards of “TOP 10 Magazines and Journals of Shenzhen” for magazine and newspaper category. Gemdale Group was the only enterprise winning such two awards.

At the end of December 2005, Gemdale Group conducted the agreement signing ceremony with Jiaxin Group over the cooperation on "Xi'an Zijing Garden Plot", Gemdale successfully entered Xi'an market. A new round of strategic expansion thought of the Group showed initial effects. The acquirement of Xi’an project played an important role for Gemdale to enter the market in Northwest China, indicating the second round of regional expansion of Gemdale Group has had a pleasant start and would further promoted the national real estate brand image of Gemdale around China.

On February 26-28, 2006, the Kick-off Meeting 2006 of Gemdale Group ended successfully in Shenzhen Swissbel Hotel after 3-day intense and hot discussion. The 3-day meeting included three sessions of strategic planning, operation and investment plan and subsidiaries and reported and discussed specifically on the main operation and management aspects of Gemdale in 2006. At the meeting, participants listened to the key work reports of the subsidiaries in 2006; and finally all departments and subsidiaries of Gemdale entered into KPI contracted with Gemdale Group.

On March 10, 2006, Gemdale (Group) Co., Ltd and China Construction Bank Co., Ltd entered into a strategic cooperative agreement with total credit of RMB 3 billion in Shenzhen Wuzhou Guest House. This is another nationwide headquarter bank level strategic agreement since the signing of RMB 2 billion strategic agreement entered into with Bank of Agriculture in September last year. The signing of this strategic cooperation agreement indicated that Gemdale Group had been the nationwide high-quality customer and strategic partner of China Construction Bank; and also, this meant that the financing capacity of Gemdale Group had reached a new step.

On March 22, 2006, the ceremony of breaking ground of Gemdale Ningbo Bus Project was held. As the first real estate listed company introduced by Yinzhou District government of Ningbo, Gemdale participated in the formal commencement of Gemdale Ningbo Project. This not only promoted the development Yinzhou New District but also would bring a new future for the urban construction of Yinzhou, greatly promoting the quality of the real estate of Ningbo. In the construction of Ningbo Project, Gemdale would adhere to the philosophy of scientific construction, insist on the principle of constructing fine real estate with professionalism and create a new life space for the people of Ningbo, and thus it would establish a firm foundation for the cross-regional development for Gemdale Shanghai Company.

On April 10, 2006, the list of “Annual Top 20 Enterprises in Comprehensive Strength 2005” of Wuhan real estate development industry was issued and Wuhan Gemdale Real Estate Development Co., Ltd was selected into the list. • On April 29,2006 , "2006 China Real Estate Academy Forum and Awarding Ceremony" jointly sponsored by Schoolfellow Office of Economics and Management School of Tsinghua University and Soufun.Com was held in Tsinghua University. Beijing Gemdale Plaza was awarded with "2006 China Real Estate Academy Office Building Golden Award" by the organizing committee.

On May 12-13, 2006, Gemdale Group National Property Management Work Meeting was held in Shenzhen. Under the philosophy of “New thought, new action and new height”, Gemdale has researched and discussed such issues as national strategic layout, national property management service consistency, management service mode, etc. The related departments of nationwide property companies, self-owned property management offices, etc attended this meeting and made keynote speeches and presentations.

On May 19, 2006 , "2006 China Top Ten Real Estate Listed Companies" Awarding Ceremony was held in Beijing grandly. Gemdale Group remained in the rank of China Top Ten Real Estate Listed Companies. Gemdale had been in the rank of China Top Ten Real Estate Listed Companies for five years running since it went public. In addition, at this awarding ceremony, Gemdale Group was honored as one of "2006 China Real Estate Listed Company Most Admired by Fund Managers".

On May 27, 2006, China Real Estate TOP 10 Research Group held the "Research Report of Top Ten Real Estate Listed Companies" press conference in the news release hall of the News Office of the State Council. Gemdale Group ranked the 4th place in "2006 China Top 10 Real Estate Listed Companies in Overall Strength", the 6th place in "2006 China Top 10 EVA Real Estate Listed Companies" and the 4th place in "2006 China TOP 10 Best-Performing Real Estate Listed Companies".

On June 22, 2006, in the "2006 China Residence Innovation Model" appraisal activity was held in Diaoyutai State Guesthouse in Beijing. Gemdale was highly praised by people of all walks of life due to its precise and rational way of doing work and being bold to innovate, each of four residential quarters attending the appraisal was awarded with Award: Tianjin Gemdale Green World was awarded with "China Celebrated Residential Quarter with International Clouts" Award, Shanghai Gemdale Green County was awarded with "China New Zone with International Clouts" Award, Ningbo Gemdale International Garden was awarded with "China Innovation Model Residential Quarter "Award, and Guangzhou Gemdale Gzlakes was awarded with "China New Zone with Most Residence Potential" Award.

On July 3, 2006, Beijing Youth Daily and U.S. STANDARD & POOR'S formally issued “99 Index of Beijing Youth Daily” and Gemdale Group, with its blue chip feature, became one of the component stock of such index.

At 10:00a.m., July 27, 2006, the cooperation agreement for Gangxia Heyuan Area Reconstruction was successfully executed!

On September 16, 2006, “China Blue Chip Real Estate Annual Appraisal and Prize-giving Ceremony 2006” sponsored by Economic Observer and Sina.com was held grandly in Beijing Asia Hotel. This appraisal abided by the three major principles of “justness, system and preciseness” and had undergone such flows as developing appraisal system, questionnaire, blue chip real estate press report, enterprise questionnaire issue and collection, etc., and finally the blue chip real estate expert appraisal commission selected 18 “Blue Chip Real Estate Enterprises” including Gemdale Group.

On October 20, 2006, the 3rd China HR Management Annual Meeting and Chine HR Annual Appraisal and Prize-giving Ceremony 2006 sponsored jointly by IPMA-HR, Beijing University Business Review and Career Journal of MOISS of China was grandly held in Beijing ABP Hall. Gemdale Group was awarded with “Top 10 Best Employer Enterprises of the Year” and Jin Beibei, general manager of the HR Department of Gemdale won the “Outstanding HR Contribution Award of the Year”. This meeting has been the highest-level HR management annual meeting in China until now; and the government officials from the State Council, the National Development and Reform Commission, etc., the senior executives from Beijing University, City University of Hong Kong, Hay Group, etc. and the management experts, HR masters, major entrepreneurs outstanding at home and abroad, totally more than 200 people participated in the meeting.

On the afternoon of November 6, 2006, the “Real Estate” 3rd Anniversary and Brand Real Estate Carnival sponsored by the most influential real estate presses in Beijing and organized by the real estate media institution was grandly held in the Hall of Kerry Center and Gemdale Group was awarded with “Annual Famous Real Estate Enterprise”.

In November 2006, Gemdale Group was rated 3A in the credit rating system for 2006 by the People’s Bank of China. This is the highest credit level by now in China.

On January 5, 2007, “China Real Estate New Vision-Harmonious Real Estate Summit Forum 2007” sponsored by Sohu.com and House Focus.cn was held grandly in Beijing. At this summit meeting, the organizer announced the news events influencing the real estate market, the annual person of contribution and brand real estate enterprise of leadership for 2006 appraised by cyber citizens; and Gemdale Group won the title of “China Real Estate New Vision Brand of Leadership 2007”.

On January 10, 2007, the “Annual Meeting of China Real Estate Business 2006 and Prize-giving Ceremony of Excellent Corporate Citizen of China Real Estate” sponsored by China Real Estate Business was grandly held in Kerry Center, Beijing. China Real Estate Business and China Association of Social Workers- Corporate Citizen Commission jointly organized the 1st Excellent Corporate Citizen of China Real Estate”. Gemdale, due to complying with the standards for the appraisal of the Excellent Corporate Citizen of China Real Estate, was awarded with the title of “Excellent Corporate Citizen of China Real Estate 2006” and became an excellent sample of China real estate in undertaking social responsibility.

On the afternoon of January 10, 2007, 2007 China Immersion Experience-‘real estate panel’ organized by Harvard Business School and co-organized by Gemdale Group was held in Venice Hall of Crown Plaza Hotel & Resort Shenzhen. This was the last station for the China Trip of Harvard Business School for one week. The meeting started formally at 13:30 and Mr. Ling Ke, board chairman of Gemdale Group attended the meeting. The meeting was held by Mr. Sun Jian, vice president of Kearney Group and about 80 MBA students of Harvard Business School attended this exchange.

At 19:00, January 11, 2007, the prize-giving dinner of “New Estate 5th Anniversary Golden Ceremony” was grandly held in Beijing Kerry Center Hotel. At this ceremony, Gemdale won 4 awards. Mr. Ling Ke, board chairman of Gemdale Group won “Great Award for Special Contribution of 5th Anniversary”; Gemdale Group obtained the award of “Outstanding Enterprise of 5th Anniversary”; Gemdale Plaza won “Great Award of the Most Excellent Commercial Real Estate 2006”; and Gemdale Green Town 6 obtained the “Great Award of Real Property Full of Expectation for 2007”.

On March 8-10, 2007, the Kick-off Meeting 2007 of Gemdale Group ended successfully in Guangzhou Country Garden Hotel after 3-day intense and hot discussion. The 3-day meeting included such agendas as strategic planning for 2007-2011, organization control and HR cultivation, investment management ability, comprehensive incentive system, operation plan and financial budget 2007, the operation guarantee measures for all subsidiaries 2007, etc. and reported and discussed specifically on the main operation and management aspects of Gemdale Group in 2007. At the meeting, participants listened to the key work reports of the subsidiaries of 2007; and finally all departments and subsidiaries of Gemdale entered into KPI contracted with Gemdale Group.

At 16:00 of March 14, 2007, Gemdale Group held the 2006 Gemdale Group Annual Report and Recommendation Meeting in the Banqueting Hall of Shanghai Pudong Jinmao Tower and there were approximately 40 fund and securities financial institutions in Shanghai attending this meeting.

On April 6, 2007, Gemdale Group, with total price of RMB 840 million and floor slab price of RMB5,530/m², acquired a central plot, in Hexi of Nanjing and successfully entered the market of Nanjing. This was a milestone for Gemdale Group in its further development in the Yangtze River Delta and had a good beginning for its wonderful development of 2007. The entry into the market of Nanjing to acquire this plot was the important step for Gemdale Group to further its development in the Yangtze River Delta and one of the important development targets for Gemdale to enter the Class 2 cities in Zhejiang, such as Ningbo. The acquisition of this plot established a firm foundation for the quick expansion of Gemdale Group for the next round and also became the important window for Gemdale to understand the real estate of Jiangsu.

On April 17, 2007, Sina 4th China Real Estate Innovation Summit Meeting and Prize-giving Ceremony was held in Beijing. With its excellent product capability, perfect management system, quickly growing development scale and increasing brand value, Gemdale was awarded with “TOP 10 Most Powerful Real Estate Enterprises of China”.

On April 23, 2007, “China International Forum on Healthy Residence Theory and Practice 2007” organized by CNERC of the Ministry of Construction and China Architecture and Design Research Institute was held in Dalian. Approximately 200 people including the professional professors and real estate development enterprise representatives from Mainland China, the WHO, Germany, Australia, Japan, Hong Kong, etc. attended the meeting. Due to its active promotion and practice in healthy residence technical points in Gemdale Green Town and Gemdale Homage Hill projects, Gemdale Group got the “Award of Special Contribution in China Healthy Residence Construction 2007”; Gemdale Beijing Company, with the innovative promotion and construction of multi-directional, rich, friendly and harmonic community healthy psychological and human cultural and environment cultivation system in Green Town, won “the Award of Scientific Advance in China Healthy Residence Construction 2007”.

On the morning of April 26, 2007, Shenzhen Municipal People’s Government grandly held Shenzhen Famous Trademark Work Meeting in Wuzhou Guest House. At the meeting, the government issued the Famous Trademarks of Guangdong Province recognized by the Administration for Industry and Commerce of Guangdong Province. “Gemdale” of Gemdale Group was one of the two real estate brands winning such title.

At 8:30 a.m., May 8, 2007, the opening ceremony of the new office building of Gemdale Group Shanghai Company was grandly held in front of the new office building of Gemdale Green World, Nanxiang Town, Jiading District, Shanghai. All staff of Shanghai Company and the partners of the Company attended such ceremony.

On the afternoon of May 2, 2007, Gemdale Group Xi’an Company formally acquired two excellent plots in Xi’an. These two plots (numbered QJ1-10-28 and QJ1-10-29 respectively and with temporary name of Lotus Lakeside) were located in the hottest CBD of Qujiang New District of Xi’an. The total net floor area of the plots was 135,6000m2 and the FAR was 1.2 and the plots were of Class 1 residence land with use period of 70 years.

On June 6, 2007, China Real Estate TOP10 Research Team established jointly by ERI/DRC of the State Council, Real Estate Research Institute of Tsinghua University and China Index Research Institute held China Real Estate Listed Company Research Achievement Release Conference 2007 in Beijing Westin Hotel. According to the data of the annual reports of the listed companies of China real estate from 2003 through 2006, an evaluation system was established from TOP 10 in comprehensive strength, TOP10 in EVA (Economic Value Added) and TOP10 in real estate blue and TOP 10 listed companies of China real estate in research achievements of 2007. Gemdale (Group) Co., Ltd was selected one of the TOP10 listed companies in comprehensive strength in Shanghai Stock Exchange and Shenzhen Stock Exchange of 2007, the fifth time for it to get such honor and creating its leading position among the TOP10 listed companies in comprehensive strength.

On July 7-8, 2007, the Bo'ao-21st Century Real Estate Forum, the is the highest-level and the most influential professional real estate forum in China until now sponsored by 21st Century Business News was held in Hainan. Ling Ke, the board chairman of Gemdale Group was invited to attend this forum and made a keynote speech with the topic as “the Coming of the Real Estate Finance Times” to talk about the close tie between the development of real estate and finance, introduce his experience for Gemdale Group in the practice in the real estate finance market and the real estate capital market. With his foresighted opinion and detailed expatiation, his speech got the positive appraisal of the participants and drew people’s attention.

In July 2007, Shenzhen Futian District People’s Government appraised and selected TOP 100 Corporate Tax Payer 2006 of the district. Although the appraisal standards were heightened than those in the past, Gemdale (Group) Co., Ltd was still elected and ranked 11 places ahead from last year.

In July 2007, the prize-giving ceremony of the Typical Chinese Residence Recommendation Activity sponsored by China Construction News was grandly held in Diaoyutai State Guesthouse in Beijing. More than 200 officials, experts, entrepreneurs and architects around China and more than 40 presses of Beijing and other places attended this meeting. Gemdale Group, had all its six projects participating in the appraisal awarded and became the largest winner of this activity. Among these projects, Beijing Gemdale Green Town 6, Shenyang Gemdale International Garden and Wuhan Gemdale International Garden won award of “The Demo Estate with the Highest Brand Classical Value of China”; Foshan Gemdale Kow Loon Jade, Shanghai Gemdale Future Field and Shenzhen Mellon Town Garden won the award of “The Demo Estate with the Highest Brand Creative Value of China”.

In July 2007, the Hope School in Jinzhai financed by Gemdale Group Shanghai Company completed the preparation and got design and shop drawings, cost budget, selection of constructor, etc. ready. As early as the late of July, Gemdale Nanjing Company came to Jinzhai to formally organize the constructor to start the removal and relocation. This indicated that the Love and Education Aid activity of Gemdale in Jinzhai had entered the material stage. According to the plan, this hope school would be completed around the National Day this year and put into use. Then, the company’s education aid activity would be completely carried out and the company would have rich and wonderful interaction and education aid activities in order to contribute something for the education of the poor mountainous areas.

On the afternoon of August 3, 2007, in Qujiang Investment Promotion Center, Gemdale Group Xi’an Company smoothly acquired the first over 260mu land of the Nanhu Project, the land king of Qujiang.

On August 11, 2007, after successively winning such titles as “the Brand Real Estate Enterprise Developing Most Quickly of China”, “China Real Estate Brand Strategic Brand TOP10”, “TOP100 Listed Companies in Market Value Management 2006”, “TOP 100 of China Securities in Market Value”, “TOP100 of China Securities in Comprehensive Strength”, etc., due to its excellent performance in investor relationship management, Gemdale Group additionally won the fifth place of “TOP100 of China in Investor Relationship Management 2006” and “The Best Large Company”; Guo Guoqiang, our board secretary won the title of “The Best Executive in Investor Relationship Management 2006”.

On August 22, 2007, Gemdale Group announced that it would raise RMB18 billion funds through the issue of at most 360,000,000 A-shares. This was another financing plan of Gemdale Group this year after its successful initial raising of RMB 4.50 billion in June and mid-term reporting net profit increasing by 50%.

On October 20, 2007, “the 4th China HR Management Annual Meeting and the Prize-giving Ceremony of China HR Annual Appraisal and Selection 2007” was held in Yingjie Exchange Center of Beijing University. Gemdale Group stood out from many participating enterprises and won the big award of “TOP10 Employers of the Industry”.

On October 27, 2007, “Annual Appraisal and Prize-giving Ceremony of China Blue Chip Real Estate 2007” jointly organized by Economic Observer Newspaper and Beijing Adfaith Management Consulting Inc. was held in Beijing and Gemdale Group had won the award successively for the fourth time.

On November 27, 2007, the 6th GOLD TOP 100 China Listed Companies’ Corporate Governance Ranking List Issuing and Prize-giving Ceremony was held in Wenjin International Hotel of Tsinghua University with the participation of more than 10 officials of the related authorities of the government, more than 200 leaders of approximately 100 listed companies, more than 100 senior leaders of consulting companies, law firms, CPAs, fund companies, etc. and more than 100 presses. The awards at the meeting included Gold TOP100 Chinese Listed Companies in Board Governance, TOP50 in Corporate Governance, TOP10 Boards, Excellent Boards of the Industry and three single awards. Gemdale Group won the title of “Gold TOP100 Chinese Listed Companies in Board Governance”.

On January 12, 2008, “China Real Estate Annual Meeting 2007-2008” jointly organized by China Real Estate Business and Sina Net was held in Beijing Marriott Hotel. Ling Ke, board chairman of Gemdale won the honor of “Twenty Persons Influencing Real Estate in 20 Years” by virtue of “leading Gemdale to make great achievements and causing Gemdale to become a leading trans-region and trans-industry enterprise”. Gemdale Group, Gemdale Golden Bay Garden respectively won “TOP 20 of 20 Years of China Real Estate” and “Best Seaside Community Development Mode of Top 20 Estates of China Real Estate”.

On January 31, 2008, Gemdale Group and UBS AG Global Asset Management Group executed the cooperation agreement regarding jointly sponsoring the establishment of “UBS/Gemdale China Real Estate Investment Fund” and investing in the establishment of “UBS/Gemdale Investment Management Company” outside China; this fund was expected to raise USD0.2-0.3 billion. Ling Ke, the Chairman of the Board of Gemdale Group, Zhang Huagang, President, Huang Juncan, President Assistant, and Paul Marcuse, President of UBS AG Global Real Estate Group, etc. participated in this signing ceremony

From February 28 to March 1, 2008, the kickoff conference 2008 of Gemdale Group was held in Heshan, Guangdong. Over 70 people including the high and middle management from HQ and various subsidiaries attended this conference.

On March 12, 2008, the eight-year-term corporate debentures equal to 1.2 billion of Gemdale Group (“08 Jin Di Zhai”) was successfully issued and about RMB 1.2 billion fund raised reached the corporate account on March 13.

On April 9-22, 2008, the Overseas Elite Recruitment Activity 2008 of Gemdale Group successfully developed. During almost 2 weeks, the recruitment team comprising 5 people and led by Zhang Huagang, the President of the Group successively visited these 6 famous universities, i.e. Stanford University, Columbia University, Harvard University, Massachusetts Institute of Technology, Chicago University, Northwestern University where the team conducted special recruitment activities. During this period, at the request of Greater China Business Conference, Kellogg School of Management, American Northwestern University, Zhang Huagang made a keynote speech on the topic of GROW WITH CHINA; he systematically introduced the current situations and development opportunities of China real estate industry and took Gemdale mode for example to introduce the innovations and developments of Chinese excellent real estate enterprises in the real estate finance field, winning wide attention and praise of the participants present at the conference.

On June 30, 2008, First Show of the Innovative Achievements of Gemdale Group was held in Shenyang. This Show covered fruitful results achieved in architectural research through 20 years’ development history of Gemdale Group. As an important integral part of the 20th anniversary activities, this Show was successively held in seven cities such as Shenyang, Beijing, Shenzhen and Wuhan, which played a great role in improving Gemdale brand influence.

In June 2008, the “China Real Estate Top 10 Research Report” completed by ERI/DRC of the State Council, Real Estate Research Institute of Tsinghua University and China Index Research Institute, was officially issued in Beijing. Gemdale Group again was listed TOP10 Listed Companies of China Real Estate. This was the 6th time for Gemdale Group to be listed since the formal operation of such research in 2003.

Since May 12, 2008 when Sichuan Province suffered from 7.8-magnitude earthquake, the earthquake relief work and living conditions of disaster-affected population affected the feeling of all Gemdale people. Gemdale Group immediately donated RMB 11 million to the earthquake-stricken area, among which RMB10 million was used to build 1000 portable dwellings to solve actual problems in daily life of the people in the struck area and RMB 1 million was directly transferred to the struck area via Red Cross Society of China. At the same time, Gemdale employees also went into action forcefully. Within only one week, the employees of Gemdale Group and its subsidies totally donated more than RMB 1 million, which was directly transferred to Wenchuan Government to solve actual problems for local people. In December 2008, Guangdong Real Estate Committee specially awarded the title of “Real Estate Enterprise Impressing Guangdong” to Gemdale Group in order to commend Gemdale for its active contributions to the earthquake relief work.

In June 2008, after almost half a year’s repeated discussion and modification, the Code of Conduct for Gemdale Employees was formally published. This Code had the same origin as Road of Gemdale – the cultural platform of Gemdale, but it added more behavioral norms with practical operation sense based on the original conducts. This Code was an effective weapon to standardize the personal behaviors of Gemdale employees and improve the team cohesion and fighting capacity.

On October 25, 2008, “Annual Appraisal and Prize-giving Ceremony of China Blue Chip Real Estate 2008” jointly organized by Economic Observer Newspaper and Sina Leju Real Estate Channel, Real Estate China Net and Adfaith Management Consulting Inc. was held in Beijing and Gemdale Group stood out among over 100 real estate companies participating in the selection and had won the award of “Blue Chip Real Estate”, which was the fifth time for Gemdale to successively win this title.

On January 15, 2010, New Real Estate Annual Meeting 2009 was held grandly in Beijing by the real estate media magnate, New Real Estate & Mercedes-Benz. Chairman, Ling Ke was awarded as Person of the Year 2009 of New Real Estate, and Gemdale Plaza and Gemdale Lake City Project were awarded with the Most influential Estate 2009 of New Real Estate.

On February 27 and 28, 2009, Gemdale Group held kickoff conference 2009.

On March 25, 2009, “Legend in Adverse Situations- Sina Leju Innovation Summit 2009” was held grandly in Renaissance Beijing Capital Hotel. Gemdale Group was given the Best Faithful Enterprise Award 2008-2009 by Sina Leju; meanwhile, Gemdale Green Town 6, Gemdale Mellon Town and Gemdale Green World were awarded with the Most influential Estate 2008-2009 of Sina Leju; Beijing Gemdale City Crown, Gemdale Elite Mansion, Gemdale International Garden were awarded with the Estate with the Most Investment Value 2008-2009 of Sina Leju; Gemdale Leisure City was awarded with the Estate of Expectation 2009 of Sina Leju.

On April 25, 2009, the national 9th World Intellectual Property Day, State Administration for Industry and Commerce of the People's Republic of China officially announced the certification result of the newest famous trademarks, with Gemdale Trademark recognized as one of famous trademarks in China.

On April 29, 2009, Gemdale Shanghai Company successfully won the bid for Plot 3, Xujing, Qingpu, Shanghai.

In June 2009, the “China Real Estate Top10 Research Team” comprising ERI/DRC of the State Council, Real Estate Research Institute of Tsinghua University and China Index Research Institute, through half a year’s comprehensive testing and analysis, officially announced the result to the public in June. In all the four testing dimensions, Gemdale Group ranked TOP10. In the three dimensions of TOP10 in Comprehensive Strength of Listed Real Estate Companies in Shanghai Stock Exchange and Shenzhen Stock Exchange, TOP10 in Operation Scale of Listed Real Estate Companies in Shanghai Stock Exchange and Shenzhen Stock Exchange and TOP10 in Investment Value of Listed Real Estate Companies in Shanghai Stock Exchange and Shenzhen Stock Exchange, Gemdale ranked in 3rd place. Gemdale ranked 4th place among TOP10 in wealth creation capacity of listed real estate companies in Shanghai Stock Exchange and Shenzhen Stock Exchange. The comprehensive strength and operation capacity of Gemdale Group were fully recognized.

On June 14-15, 2009, the 9th 21st Century Bo'ao Real Estate Forum was held in Hainan. Ling Ke, the Chairman of the Board of Gemdale, was invited to attend this forum and made a keynote speech with the topic as “Firmly Grasp Opportunities and Develop Steadily”. Mr. Ling also accepted the exclusive interview by the Voice of Economics program of China National Radio and 21st Century Business Herald. In this forum, the grand release evening was held for the Gold Brick Award Selection 2009. Based on its excellent performance on comprehensive indexes such as growth, profitability, financing capacity, fundamental stock price, etc, Gemdale was awarded with the title of “the Listed Real Estate Company with the Most Investment Value 2009”.

At 15:30 on July 3, 2009, the spot bid for 16# Estate Project in North District in Daxing New Town was conducted in Beijing Land Reserve Center. After fierce competition, Gemdale Beijing Company successfully won the bid for this project at the total price of RMB1.562 billion.

On August 6, 2009, Gemdale formally executed the strategic framework agreement on cooperative investment with Ping An Trust. Ping An Trust would take advantage of the trusted third-party assets management platform, design detailed stock right trust plan for each cooperation project and invest in good projects together with Gemdale. In the next three years, the total cooperation amount was expected to reach RMB10 billion, among which, about RMB 3 billion for the Year 2009.

On August 17, 2009, the signing ceremony of the Strategic Cooperation Framework Agreement between Gemdale Group and Industrial & Commercial Bank of China was grandly held in Wuzhou Guesthouse, Shenzhen. Industrial & Commercial Bank of China Limited was our important strategic partner. Based on the requirement of the company development, Industrial & Commercial Bank of China planned to provide financing credit equal to RMB 30 billion within three years, which indicated the overall improvement and furtherance of the cooperation level between Gemdale Group and Industrial & Commercial Bank of China.

On the afternoon of August 18, 2009, the signing ceremony of the Bank-enterprise Strategic Cooperation Agreement between Gemdale Group and Agricultural Bank of China was grandly held in Shangri-La Hotel, Futian District, Shenzhen.

On October 25, 2009, “the Award Ceremony of China Best Employers 2009 and the 6th Summit of China HR Management Innovation” was grandly held in the China National Convention Center. Depending on its good employer brand image, excellent employer’s responsibility performance result and the contributions made by HR management regarding the operation strategy, achievement improvement, corporate development, etc, Gemdale Group was awarded with the title of “China Best Employer 2009”.

On November 13, 2009, Gemdale Shanghai Company successfully won the bid for a plot in Keqiao District, Shaoxing.

On November 28, 2009, “Press Conference of Research Achievements of TOP100 Enterprises in Property Service of China 2009 and the 2nd Summit of TOP 100 Entrepreneurs in Property Service of China” sponsored by China Real Estate Top10 Research Team and organized by China Index Research Institute was grandly held in Diaoyutai State Guesthouse in Beijing. Among “Research Achievements of TOP100 Enterprises in Property Service of China 2009”, Gemdale Property was listed in TOP 10 in comprehensive strength and won the honor of the third place of the most important list of “TOP100 Enterprises in Property Service of China 2009”.

On February 8-9, 2010, the kickoff conference 2010 of Gemdale Group was held in the Interlaken Hotel in the East Overseas Chinese Town, Shenzhen. Over 70 people including the high and middle management from HQ and various subsidiaries attended this conference.

On March 10, 2010, the annual report introductory meeting 2009 of Gemdale Group was held in 1st conference room, 6/F, Headquarter. Ling Ke, the Chairman of the Board and Huang Juncan, the President attended this meeting, introduced the development strategy of Gemdale Group and the operation achievements of the year 2009 to the representatives of institutional investors and reporters from the media and made prospects for the future company development.

The first financing of Real Estate Fund - Phase I sponsored jointly by Gemdale Group and UBS AG (Global Asset Management) was formally completed; this fund was the first foreign-capital real estate investment fund successfully sponsored and raised by a real estate developer in Mainland China. This fund was USD fund; five investors were respectively from Holland, Belgium, Switzerland, the Middle East and Asia.

On May 26, 2010, the “Capital, Credit and Responsibility” Real Estate Financial Summit was held in Shenzhen Sunshine Hotel with the participation of the leaders of Shenzhen Branches of ICBC, ABC, BOC and CCB, the four state-owned banks of China and the related leaders of Guangdong Real Estate Credit Rating Committee; and People’s Daily and People Net jointly issued the enterprises listed into “the 2nd TOP 10 of Credit of Shenzhen Real Estate (2010)”, including Gemdale (Group) Co., Ltd..

The best land expansion projects of Gemdale Group in 2010: Shenyang Tiexi Project, Xi’an Xifeng Road Project and China Agricultural University (Yantai) Project.

On March 19, 2010, Shenzhen Quality Association held the prize-giving ceremony to commemorate “the 30th Anniversary of National Promotion of Quality Management” and Gemdale Property won the title of “Shenzhen Excellent Enterprise at the 30th Anniversary of National Promotion of Quality Management.

On November 10, 2010, “Press Conference of Research Achievements of TOP100 Enterprises of Property Service of China 2010 and the 3rd Summit of TOP 100 Entrepreneurs of Property Service of China” sponsored by ERI/DRC of the State Council, Real Estate Research Institute of Tsinghua University and China Index Research Institute were grandly held in Hong Kong Conference and Exhibition Center. At this meeting, Gemdale Property was again listed into “TOP10 Enterprises of Property Service of China Leading in Comprehensive Strength 2010”, “TOP10 in Service Scale among TOP100 of Property Service 2010”, “TOP10 Enterprises in Satisfaction among TOP100 of Property Service 2010”; and with absolute advantage and high value, ranked the 2nd place nationwide of “TOP 10 of Service Quality among TOP 100 of Property Service of China 2010”.

On the afternoon of December 16, 2010, all excellent non-governmental enterprises were commended in the municipal non-governmental economic work conference held in the conference hall of Nanjing International Exhibition Center. Gemdale Group won the title of “Nanjing Excellent Non-governmental Enterprise”. As the only enterprise from another city, Gemdale Group was recognized by CPC Nanjing Committee and the municipal government and very honored to win this title.

On December 3-5, 2010, the 9th China Entrepreneur Summit 2010, the most influential annual business grand meeting was grandly held in Beijing. Ling Ke, the Chairman of the Board of Gemdale was invited to attend this forum and participated in the discussion about “whether the real estate industry can realize soft landing” and analyzed and discussed the influence and trend of the real estate industry. Mr. Ling’s analysis and opinions about the real estate industry and enterprises struck a chord with the guests present in this summit and were widely reported by the mainstream media.

On the afternoon of December 16, 2010, all excellent non-governmental enterprises were commended in the municipal non-governmental economic work conference held in the conference hall of Nanjing International Exhibition Center. Gemdale Group won the title of “Nanjing Excellent Non-governmental Enterprise”. As the only enterprise from another city, Gemdale Group was recognized by CPC Nanjing Committee and the municipal government and very honored to win this title.

In November 2010, “Gemdale Group Campus Recruitment 2011” was held respectively in over 10 national first-class colleges and universities including Tsinghua University and Zhejiang University. The job fair was very hot and attracted more than 30,000 students to submit their resumes. Gemdale would recruit almost 100 excellent students from them. This job fair not only improved the employer brand image of Gemdale in colleges and universities, but also realized the objective to provide high-quality reserve talents for the enterprise development.