Poly Real Estate Group Co Ltd. (SHSE:600048) acquired 7 pieces of land in 5 cities for CNY 3.1 billion on December 8, 2016. Under the terms of the transaction Poly Real Estate Group Co Ltd. will acquire State No.2 land located in Nanjing City for CNY 1.1 billion through the cooperation method, a land of 36 acres located in Chengdu City for approximately CNY 300 million through an auction, the Chadianzi project land located in Chengdu City for approximately CNY 430 million through the cooperation method, land located in Putian City for approximately CNY 190 million through an auction, another land located in Putian City for approximately CNY 520 million through an auction, land of Yurong International Junting project located in Nanchang City for approximately CNY 120 million through the cooperation method and a land located in Dalian City for approximately CNY 420 million through a public quotation. Poly Real Estate Group Co Ltd. (SHSE:600048) completed the acquisition of 7 pieces of land in 5 cities on December 8, 2016.