Powerlong Real Estate Holdings Limited announced unaudited group sales results for the month and twelve months ended December 31, 2019. The contracted sales value (including contracted sales value by joint ventures and associated companies) and contracted sales area of the Group in December 2019 amounted to approximately RMB 5,042 million and 312,909 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 twelve months ended 31 December 2019 amounted to approximately RMB 60,350 million and 3,767,519 square meters, respectively (as compared to RMB 41,036 million and 2,821,607 square meters for the twelve months ended 31 December 2018), representing a year-on-year contracted sales value increase of approximately 47.1% and a year-on-year contracted sales area increase of approximately 33.5%.