China's largest prime office developer reports outstanding financial results and strong leasing progress
• Core earnings reached a record high of RMB4.4 billion, up 33% YoY
• Core net profit margin reached historic high of 30%
• RMB10.6 billion cash in hand with Net Gearing at only 17%, strong foundation for acquisition when market conditions are favorable
• Sale of two Shanghai on 27 February 2014 will raise cash position by approximately RMB5.2 billion
• Outstanding 2013 leasing results: SOHO Century Plaza reached full occupancy, Qianmen attracted world class tenants including Madam Tussauds Wax Museum, Samsung, and Lenovo, and SOHO Fuxing Plaza has 41% of its retail space pre-leased
• Final dividend of RMB0.13 per share; annual dividend of RMB0.25 per share for the full year

(4 March, 2014, Hong Kong) SOHO China Ltd. (hereinafter referred to as "SOHO China" or the "Company" Stock Code: HK410) announces today the Company's audited annual results for the year 2013.
The Company achieved outstanding financial results in 2013. Core earnings reached a record high of RMB4.4 billion, up 33% over 2012. Core net margin also rose to a historical high of 30%. Total net profit (including valuation gains on investment properties) was RMB7.4 billion.
The board has approved a final dividend of RMB0.13 per share, bringing the annual dividend to RMB0.25 per share for the full year. We have consistently paid a high and stable dividend, with an average dividend yield of 5.5% over the last four years.
The Company made major progress in leasing in Beijing and Shanghai, with Wangjing SOHO, Galaxy SOHO, Qianmen, SOHO Fuxing Plaza, and SOHO Century Plaza all achieving solid leasing results. 2 / 5

（Wangjing SOHO）
Tower's 1 and 2 of Beijing's newest landmark, Wangjing SOHO, which were pre-sold, recently turned key. In the last two months, 29,000 square meters of these two towers have been leased with rent as high as RMB7.5/sqm/day, remarkably strong for this new location. Many internet companies are among the project's first tenants. Wangjing SOHO's Tower 3, which the Company is keeping as an investment property, will be finished in the second half of 2014.

（Galaxy SOHO）
Galaxy SOHO, located on the Second Ring Road in central Beijing, has leased out over 124,000 square meters of office space last year. Average rent increased by 27% from RMB7.5/sqm/day to RMB9.5/sqm/day. To date, 77% of Galaxy SOHO's total office space has been occupied, and over 70% of tenants are financial companies. 3 / 5

（Qianmen Avenue）
Located at heart of Beijing, Qianmen Avenue has been rebranded as a tourist destination with an upgraded tenant base. Of the completed area, current occupancy has reached 73%. With over 30 million visitors annually, and daily foot traffic averaging 150,000, Qianmen has attracted numerous domestic and consumer brands to open flagship and "experience" stores, including Samsung, Lenovo, F&B Conglomerate CJ Group and Korean clothing brand SPAO. Madame Tussauds Wax museum will open at Qianmen in spring 2014.

（SOHO Fuxing Plaza）
SOHO Fuxing Plaza in Shanghai, which is still under construction, has pre-leased 41% of its retail space with the highest rent to date reaching RMB16/sqm/day. The project is scheduled to complete construction in mid 2014. 4 / 5

（SOHO Century Plaza）
Located on Century Avenue, Pudong's Lujiazui District, SOHO Century Plaza was fully leased in only 9 months, and the highest rent achieved was RMB9/sqm/day.
Amazing architectural design and purified PM 2.5 free air are the two distinguishing characteristics of SOHO China projects. Landmark buildings designed by leading international architects facilitate marketing as their striking iconic quality resonates with tenants who appreciate creativity, beauty and innovation.
As pollution has become a primary health concern for residents of Beijing and Shanghai, SOHO China's commitment to offering purified PM2.5 free in all our projects is a major attraction for tenants. The Company publishes daily indoor PM2.5 readings to ensure tenants of a firm dedication to clean air in all SOHO China projects.
Since June 2013, China's emerging credit crunch led the Company to take a strategic decision to cut back on acquisitions for the second half of the year. The Company believes holding cash now will enable quick and significant acquisitions when the market corrects itself. In 2009, being cash rich allowed the Company to enter the Shanghai market by acquiring distressed assets during the Financial Crisis.
This February, the sale of SOHO Hailun Plaza and SOHO Jing'an Plaza will increase the Company's cash holding by RMB5.23 billion as SOHO China continues to monitor the market for high quality prime assets in Beijing and Shanghai.
SOHO China Chairman Pan Shiyi says, "For a company, what is the most important is that your product is innovative, and has market demand. SOHO China's top grade product has been continually recognized by the Beijing and Shanghai markets as exquisite architecture reflective of our modern times. In addition to exemplary architectural design, within our buildings we provide tenants with clean filtered air. In 2014, SOHO China will continue to uphold our corporate culture comprised of unity, honesty and 5 / 5

innovation, creating an architectural legacy for greater society, while sharing our prosperity with shareholders."
About SOHO China
Founded in 1995 by Chairman Pan Shiyi and CEO Zhang Xin, SOHO China is China's largest prime office property developer with a development portfolio of over 5.5 million square meters (about 60 million square feet). Working together with leading world-renowned architects, the Company develops iconic landmark buildings in the most affluent districts of Beijing and Shanghai, China's two most international cities and business centers.
An industry leader, and one of the earliest and most profitable market players, SOHO China's business covers a full range of development, leasing, property management, and property investment capabilities. SOHO China has played a leading role in revolutionizing the skylines of Beijing and Shanghai, and has developed and been developing a total of 17 properties in Beijing and 12 properties in Shanghai.
On 8 October 2007, SOHO China was successfully listed on the Stock Exchange of Hong Kong as the largest IPO for commercial real estate developers in Asia. The Company was named as one of the "Most Admired Companies" in China by Fortune (China) Magazine from 2006 to 2012. In 2012, Zhang Xin and Pan Shiyi were recognized by Forbes among the ""World's 15 Most Powerful Couples in 2012". The couple boasts a combined fan base of 23 million followers on Sina Weibo, the Chinese version of Twitter.

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