Powerlong Real Estate Holdings Limited announced unaudited contracted sales results for the month and year to date ended 29 February 2020. The contracted sales value (including contracted sales value by joint ventures and associated companies) and contracted sales area of the Group in February 2020 amounted to approximately RMB 1,308 million and 85,285 square meters, respectively. The total contracted sales value (including contracted sales value by joint ventures and associated companies) and total contracted sales area of the Group for the two months ended 29 February 2020 amounted to approximately RMB 4,821 million and 306,077 square meters, respectively (as compared to RMB 6,051 million and 404,196 square meters for the two months ended 28 February 2019), representing a year-on-year contracted sales value decrease of approximately 20.3% and a year-on-year contracted sales area decrease of approximately 24.3%.