Yuzhou Properties : Mr. Lam Lung On, Chairman of the Board of Yuzhou Properties,Appointed as a JP by the Chief Executiveof HKSAR

(6 Jul 2017, Hong Kong),One of China's top 40 real estate enterprises, Yuzhou Properties Company Limited ("Yuzhou Properties" or the "Company", together with its subsidiaries referred to as the "Group"; stock code: 01628.HK) is pleased to announce that on the appointment list of 2017 Justices of the Peace (JPs) recently published by the Government of the Hong Kong Special Administrative Region (HKSAR Government), Mr. Lam Lung On (Chairman and Executive Director of Yuzhou Properties) was appointed as a JP by the Chief Executive. The appointment list has been published in the Government Gazette on 30 June and come into effect since the date of publication. Mr. Cheung Kin-chung (Chief Secretary for Administration, HKSAR), the United Front Work Department of Tianjin, Fujian and Xiamen, and Mr. Zhang Jian Chairman of Xiamen Municipal party committee sent congratulatory telegrams to express their recognition of Mr. Lam Lung On's many years of love and devotion to Mainland China and Hong Kong as well as his highly-acclaimed contributions to the society, and wish him every success in promoting the prosperity and stability of Hong Kong and economic exchanges and cooperation between Fujian and Hong Kong, so as to renew his contributions to building a prosperous Fujian and a peaceful China with flexible mechanisms, outstanding industries and beautiful ecology.

Over the years, Mr. Lam Lung On has been serving as the Executive Deputy Chairman of the Board of the Hong Kong Volunteers Federation, Deputy Chairman of the Hong Kong Chinese Importer's & Exporter's Association, President of the Hong-Kong Xiamen Friendship Union, Deputy Chairman of the Hong Kong Federation of Fujian Associations, Honorary President of the Hong Kong

Associationof Overseas Chinese Society, member of the Election Committee of HKSAR, etc., actively participating in the economic development and social welfare construction of China. At the same time, Mr. Lam has not forgotten to pay back to the society. Enthusiastic about various public goods, he has been serving the grassroots community and participated in public welfare work such as Project Hope, cultural education, disaster relief programmes, municipal administration and transportation. As of June 2017, Mr. Lam Lung On has donated over 200 million RMB for the Hong Kong and China societies.

In the meantime, Yuzhou Properties, founded by Mr. Lam Lung On, has gone through 23 years of development. Relying on its rich experience and excellent product quality, Yuzhou Properties has presented the reshaping of lifestyle and innovation of urban development for every city, beyond mere architecture. It can be said that regardless of its headquarters or newly-entered cities, Yuzhou Properties has become a strategic model of "Concentrating on tier 1 and tier 2 cities and striving to become the industrial leader in every city entered" as well as the benchmark in local markets. In 2009, Yuzhou Properties was listed on the Main Board of the Stock Exchange of Hong Kong. Since its listing, the sales of Yuzhou Properties has increased with the compound annual growth rate of 30%, reaching new highs repeatedly. With its leading profit level among listed real estate companies, the dividend payout ratio of Yuzhou Properties has occupied the first place in the industry, which has won the title of "the most generous listed real estate company". Adhering to the business mission of "Building Cities with Heart, Building Homes with Love", Mr. Lam Lung On has always strived for developing the company into a world-class respected centennial company.

As a member of the Hong Kong Celebrations Association, Mr Lam Lung On actively

participated in and sponsored a number of territory-wide large-scale celebration activities to celebrate the twentieth anniversary of Hong Kong's Return to the Motherland and met with President Xi Jinping to visit Hong Kong, created a joyful festive atmosphere with Hong Kong compatriots.

The appointment of Mr. Lam Lung On as Justice of the Peace by the Chief Executive of HKSARnot only is a recognition of his dedication to Hong Kong and contribution to social work, but also places a higher expectations on his future contribution to Hong Kong's prosperity and development. Mr. Lam Lung On will always adhere to the principle of "One country, two systems, a high degree of autonomy, Hong Kong People ruling Hong Kong" and hold high the banner of love and devotion to mainland China and Hong Kong, continuing to unite people of different sectors to actively participate in Hong Kong's social affairs, support the activities of patriotic community and philanthropy services, with a practical interpretation of the high sense of social responsibility and patriotism. As General Secretary Xi Jinping has said, with the great Motherland as a strong backing, the immense support of the central government and the people from the mainland, the two decades of accumulated experience and consolidated development foundation, the unity of HKSAR government and different sectors of the community, the implementation of "One Country, Two Systems" in Hong Kong will certainly flourish, composing new chapters of bright and innovative future!

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