2015 INTERIM REPORT GREENTOWN CHINA HOLDINGS LIMITED (incorporated in the Cayman Islands with limited liability) (Stock Code: 03900) 03900

2 4 6 9 11 14 20 22 29 30 31 33 34 35 64

02 11 2015TOP10 TOP10 2015500 1682014190

03 2012 6 8 51 41.64.9 2014 2 25% 2015 3 27 11.46 524,851,793 60.152015 6 4 11.461 28.899% 2015 6 30 3,324

04 Maples Corporate Services Limited PO Box 309, Ugland House South Church Street George Town, Grand Cayman KY1-1104, Cayman Islands 183 17 1712 1716 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road George Town, Grand Cayman KY1-1110, Cayman Islands Maples and Calder 1 A 10 310007

05 16 18 1 14 1406 1408 ir@chinagreentown.com (852) 2523 3138 (852) 2523 6608 greentown@hkstrategies.com (852) 2894 6321 (852) 2576 1990 03900 www.chinagreentown.com www.greentownchina.com

06 13.3% 31.0% 4.1% 35.0% 16.6% 3,324

07 31.0% (%) 10,294,716 4.8% (%) 1,581,100 2.0% (%) 660,997 0.5% (%) 176,174 20.6% (%) 6,834,264 3.2% (%) 1,063,640 1.8% (%) 606,017 0.5% (%) 170,520 13.3% (%) 4,422,676 2.6% (%) 860,021 1.2% (%) 418,733 6.8% (%) 2,255,905 2.5% (%) 829,038 0.8% (%) 257,414 5.8% (%) 1,931,525 2.1% (%) 694,330 0.5% (%) 187,669 15 1,805,131 4,422,676 13.3% 30 6,335,412 10,294,716 31.0% 5 415,094 1,355,327 4.1% 11 3,037,128 6,834,264 20.6% 3 877,651 2,255,905 6.8% 1 1,506,207 1,581,100 4.8% 3 294,295 606,017 1.8% 13 3,217,550 5,894,734 17.6% 81 17,488,468 33,244,739 100%

08 綠城中國控股有限公司 二零一五年中期報告 管理層討論與分析

09 0.18 20140.19 2015 2015 6 30 168 323 2014 276 162 2014 1322015 6 30 25 13 2015 600 54% 19,257 YOUNG 10,756 201412,560 14.4% 2,153 22.1%201424.0% 519 2014 613 15.3% 615 20146617.0% 2015 A 2015 2015

10 2015 2 10 2019 8.0%2 2015 7 31 (i) 2018 700,000,000 8.50% 2018(ii) 2019 500,000,0008.0%2019 2020 5.875% 33% 70,302,000 5 2016255.625% 20182019 2015 3 27 524,851,793 24.287% 2015 6 4 11.46 1 624,851,793 28.899%

11 2015 69 31 51% 72,360,000 2015 6 30 3,324 2,244 1,919 1,211 2,766 20 +

12 500

13 APP 2015 454 332015 415

14 9,72490.4%2014 11,80517.6% 15,274 2014 17,942 14.9% 2015 15,946 1,375 14.1% 86,229 61,926 945 9.7% 15,260 19,208 905 9.3% 47,116 52,723 624 6.4% 11,835 12,006 568 5.8% 47,310 48,000 551 5.7% 11,479 58,842 524 5.4% 8,905 71,944 522 5.4% 7,256 3,872 317 3.3% 81,870 38,471 310 3.2% 8,058 253,695 3,083 31.7% 12,152 636,633 9,724 100.0% 15,274

15 2,153 22.1% 201424.0% 429 2014646 217 62201459 2,913 30.0% 2,782 28.6% 1,255 12.9% 6,194 63.7% 3,384 34.8% 146 1.5% 483 2014319 51.4% 259 2014164 57.9% 2014 1552014119 30.3%

16 1,554 2014 1,274 22.0% 595 2014406 46.6%2014 2014 2014 2472014 242 4452014 34529.0% 2014 12014 69 549 2014273 1,6402014 1,47011.6% 7.5%2014 7.9% 1,09166.5% 2014 81.4% 7582014 121 879 Sunac Greentown Investment Holdings Limited Sunac Greentown Investment

17 7142014 110 12,881201415,02214.3% 2014 18,994 7.2% 20,366 2014790,90020.0% 632,468 2015 56,863 1,948 15.1% 34,258 27,586 1,679 13.0% 60,864 14,746 1,071 8.3% 72,630 31,554 1,021 7.9% 32,357 39,740 900 7.0% 22,647 117,810 741 5.8% 6,290 27,704 736 5.7% 26,567 21,160 686 5.3% 32,420 295,305 4,099 31.9% 13,881 632,468 12,881 100.0% 20,366

18 (a) 51% (b) 45% (c) 50% (d) 50% (e) 25% (f) 50% (g) Sunac Greentown Investment 50% (h) 2015 6 29 3,391 2015 6 30 1,353 2013 201512 2013 5 25 2015 6 30 23,1752014 12 31 20,116 3,059 15.2% 36,0112014 12 31 42,098 6,087 Sunac Greentown Investment 2015 6 30 11,668 2014 12 319,084 39,9652014 12 3135,815 28,297 2014 12 3126,731 78.0%2014 12 3176.7% 450 2015 6 30 166 2015 5 15 381 2014583 4192014 580 49.4% 25.0% 2013 525 24 201486 39 88

19 2015 6 30 2015 6 30 17,4502014 12 31 17,826 2015 6 30 27,0182014 12 31 26,217 2015 6 30 11,211 2014 12 3113,786 2015 6 305,132 2014 12 315,050

20

21 14 10 2 2410 34 2015 6 30 2015 8 28

22

23 2015 6 30 352 1,089,000 226,071,924 1 2 174,549,783 3 227,160,924 10.509% 174,549,783 8.075% 3,359,000 4 3,359,000 0.155% (1) 2009 1 222009 1 222019 1 212.89 (2) Delta House LimitedDeltaXV Delta 126,071,924 11288 XV100,000,000 (3) Profitwise LimitedProfitwiseXV Profitwise 174,549,783 (4) 2009 5 132009 5 132019 5 127.16 300,000 1 (1) Yu Ka Po Ruby

24 69,200,000 34.6% 2015 6 30 352 2015 6 30 336 / 1 2 624,851,793 (L) 28.907% CCCG Holding (HK) Limited 3 524,851,793 (L) 24.281% HSBC Trustee (C.I.) Limited 4 524,851,793 (L) 24.281% 5 524,851,793 (L) 24.281% 6 524,851,793 (L) 24.281% 7 227,160,924 (L) 10.509% Profitwise 8 174,549,783 (L) 8.075% Delta(9) 126,071,924 (L) 5.832% 9 100,000,000 (L) 4.626% Lehman Brothers Holdings Inc. 10 101,400,450 (L) 4.691% 31,868,575 (S) 1.474%

25 (1) L S (2) CCCG Holding (HK) Limited624,851,793 (3) (4) HSBC Trustee (C.I.) Limited Wheelock Investments Limited WF Investment Partners LimitedWharf China Holdings Limited Target Smart Investments Limited ( Target Smart )524,851,793 (5) Wheelock Investments Limited WF Investment Partners LimitedWharf China Holdings Limited Target Smart524,851,793 (6) Wharf China Holdings Limited Target Smart524,851,793 (7) XV : (i)delta 126,071,924 ; (ii) 100,000,000; (iii) 1,089,000 227,160,924 (8) (9) 11288 XV 100,000,000 (10) Lehman Brothers Holdings Inc. 101,400,450 (L) 31,868,575 (S) 2015 6 30 2006 6 22 2016 6 21 10% 1% 0.1%5,000,000 (i) (ii)5 (iii)

26 2015 6 30 544,500 544,500 2009 1 22 2009 1 222019 1 21 2.89 272,250 272,250 2009 1 22 2010 1 222019 1 21 2.89 272,250 272,250 2009 1 22 2011 1 222019 1 21 2.89 1,089,000 1,089,000 2009 5 13 2009 5 132019 5 12 7.16 59,000 59,000 2009 5 13 2011 5 132019 5 12 7.16 3,300,000 3,300,000 2009 5 13 2012 5 132019 5 12 7.16 3,359,000 3,359,000 2,239,000 234,000 2,005,000 2009 1 22 2009 1 222019 1 21 2.89 2,642,750 170,500 2,472,250 2009 1 22 2010 1 222019 1 21 2.89 3,651,250 254,500 3,396,750 2009 1 22 2011 1 222019 1 21 2.89 13,109,250 105,500 13,003,750 2009 6 22 2009 6 222019 6 21 11.00 7,166,625 52,750 7,113,875 2009 6 22 2010 6 222019 6 21 11.00 7,428,125 52,750 7,375,375 2009 6 22 2011 6 222019 6 21 11.00 7,500,000 7,500,000 2009 7 17 2009 7 172019 7 16 11.59 3,750,000 3,750,000 2009 7 17 2010 7 172019 7 16 11.59 3,750,000 3,750,000 2009 7 17 2011 7 172019 7 16 11.59 51,237,000 659,000 211,000 50,367,000 872,500 872,500 2009 6 22 2009 6 222019 6 21 11.00 436,250 436,250 2009 6 22 2010 6 222019 6 21 11.00 436,250 436,250 2009 6 22 2011 6 222019 6 21 11.00 1,745,000 1,745,000 57,430,000 659,000 211,000 56,560,000 659,000 211,000 21

27 2015 7 20 (i) (ii) 2018(iii) 2019 2015 7 20 2015 7 30 2015 7 31 2015 7 202015 7 20 (i) 2018(ii) 2019 2015 7 30 (i)139,034,000 2018201819.86% (ii)263,459,000 2019201952.69% 429,698,000 2015 7 31 70,302,000 2020 2020100%5.875% 69,700,000 2020 2020 8 11 2020 (1) 2020 (2) 20182019 (3) (4) (5) (6) 2020 2015 8 11500,000,000 2020 (i)429,698,000(ii) 70,302,00020202015 8 12

28 2015 8 2 625,450,000 92%294,000,000 2015 8 2 7,000,000,000 2015 8 28 3,000,000,000 4.7% AA+2015 8 31 2015 6 30 2014 6 30 2015 8 28

29 30 632015 6 30 343434 2410 34 2015 8 28

30 2015 6 30 6 30 2015 2014 3 10,755,916 12,560,245 (8,195,187) (9,336,149) 2,560,729 3,224,096 4 428,812 645,753 (537,356) (384,305) (1,016,706) (889,278) 5 (548,885) (273,082) (126,834) 24,227 (86,302) 22 37,196 22 1,363 23 2,906 (70,110) (39,152) 25 828,273 (81,429) 6 1,545,056 2,154,860 7 (799,044) (1,162,973) 746,012 991,887 518,929 613,174 227,083 378,713 746,012 991,887 9 0.18 0.19 0.18 0.19

31 2015 6 30 2015 6 30 2014 12 31 10 6,098,742 6,216,092 1,891,500 1,891,500 25 5,648,633 8,724,954 1,391,232 1,807,755 286,977 388,617 650,849 662,061 6,572 8,697 1,224,739 1,116,046 17,199,244 20,815,722 11 6,073,177 5,749,961 12 53,285,026 41,312,223 15,604,691 15,651,236 117,724 123,062 13 7,095,919 5,215,241 24,706,856 27,156,714 1,389,690 1,055,775 1,228,041 979,687 27 1,572,292 1,350,690 10,095,616 7,733,567 121,169,032 106,328,156 24 2,816,390 123,985,422 106,328,156 14 19,781,807 19,380,948 15 23,175,110 20,116,444 8,885,116 9,850,372 4,874,874 5,290,359 815,667 969,807 1 16 14,252,331 12,167,171 1 17 2,493,041 74,277,946 67,775,101 24 2,806,294 77,084,240 67,775,101

32 2015 6 30 2015 6 30 2014 12 31 46,901,182 38,553,055 64,100,426 59,368,777 1 16 15,942,497 15,056,123 1 17 7,276,857 8,592,129 4,536,010 804,043 20 46,946 71,174 27,802,310 24,523,469 36,298,116 34,845,308 18 208,902 208,850 23,652,798 23,431,221 23,861,700 23,640,071 19 3,014,681 3,014,681 9,421,735 8,190,556 36,298,116 34,845,308 30 632015 8 28

33 2015 6 30 2014 1 1 208,656 8,530,329 (316,680) 1,314,590 217,778 2,084,472 12,908,189 24,947,334 7,063,638 32,010,972 613,174 613,174 378,713 991,887 (928,301) (928,301) (928,301) (21,219) (21,219) 3,014,681 3,014,681 (2,151,149) (2,151,149) (2,151,149) 66,677 (66,677) (99,896) (99,896) (99,896) (6,125) (6,125) 368,156 (368,156) 27 1,096 (346) 777 777 (24,664) (24,664) 22 77,375 77,375 913,087 913,087 2014 6 30 208,683 8,531,425 (316,680) 1,682,746 217,432 12,058,333 22,381,939 3,014,681 8,380,805 33,777,425 2015 1 1 208,850 8,538,238 (383,278) 1,743,712 215,284 13,317,265 23,640,071 3,014,681 8,190,556 34,845,308 518,929 518,929 227,083 746,012 (1,078,508) (1,078,508) 19 (138,069) (138,069) (138,069) 44 44 81,774 (81,774) 52 2,124 (672) 1,504 1,504 23 (113,682) (113,682) 22 2,280,483 2,280,483 (160,735) (160,735) (104,241) (264,976) 20,000 20,000 2015 6 30 208,902 8,540,362 (544,013) 1,825,486 214,612 13,616,351 23,861,700 3,014,681 9,421,735 36,298,116

34 2015 6 30 6 30 2015 2014 978,075 (4,975,383) (49,101) (907,790) 9,386 2,662 (71) 511,943 (371,378) (788,063) (27,897) (221,602) (204,856) 22 (134,920) 17,231 23 69,529 568,214 638,510 70,640 (7,242) (156,743) (248,254) (221,758) (69,600) 378,587 551,494 257,870 (848,949) 8,301,760 6,926,766 (6,946,306) (2,940,446) 1,424,938 (461,251) (1,510,655) (1,334,790) (1,078,508) (27,344) (2,151,149) (99,896) 20,000 913,087 3,014,681 1,175,321 (138,069) 1,504 777 682 (123,409) 1,126,576 3,841,117 2,362,521 (1,983,215) 1 1 7,733,567 10,686,041 (472) (69) 6 30 10,095,616 8,702,757 10,095,616 8,702,757

35 2015 6 30 1. 34 16 2. 2015 6 30 2014 12 31 2015 1 1 3. 6 30 2015 2014 9,724,409 11,805,098 259,407 163,636 154,540 119,024 61,580 59,157 482,534 319,038 2,030 13,392 71,416 80,900 10,755,916 12,560,245

36 2015 6 30 3. 2015 6 30 9,724,409 259,407 61,580 710,520 10,755,916 2,385 81,452 83,837 9,724,409 261,792 61,580 791,972 10,839,753 841,577 (8,312) 2,443 (39,846) 795,862 (25,630) 529 (32,947) 24,227 (16,029) 746,012 2014 6 30 11,805,098 163,636 59,157 532,354 12,560,245 4,362 85 275,811 280,258 11,805,098 167,998 59,242 808,165 12,840,503 1,241,593 (37,184) (2,049) 13,073 1,215,433 (86,261) 6,949 (13,626) (86,302) (44,306) 991,887

37 2015 6 30 3. 2015 6 30 2014 12 31 127,823,217 115,207,207 6,021,093 6,057,524 1,947,506 1,921,244 3,293,155 2,923,431 139,084,971 126,109,406 2,099,695 1,034,472 141,184,666 127,143,878 2015 6 30 2014 12 31 99,013,768 86,659,435 189,374 321,269 874,965 916,091 3,971,678 3,560,398 104,049,785 91,457,193 836,765 841,377 104,886,550 92,298,570

38 2015 6 30 4. 6 30 2015 2014 336,400 545,047 1,367 1,034 33,848 64,344 57,197 35,328 428,812 645,753 5. 6 30 2015 2014 1,639,513 1,470,233 (1,090,628) (1,197,151) 548,885 273,082 6. 6 30 2015 2014 720,470 531,504 31,294 23,774 (157,261) (149,637) 594,503 405,641 150,190 71,297 (2,660) (4,007) 147,530 67,290 7,979,833 9,185,089 11,437 5,137

39 2015 6 30 7. 6 30 2015 2014 432,806 530,174 380,521 582,594 813,327 1,112,768 (14,283) 50,205 799,044 1,162,973 25% 25% 201425% 5% 10%10% 8. 2015 6 30380,521,0002014 6 30 582,594,000 2015 6 30 2014 6 30

40 2015 6 30 9. 6 30 2015 2014 518,929 613,174 (66,677) 19 (136,425) (116,819) (25,282) 382,504 404,396 382,504 404,396 6 30 2015 2014 2,161,193,828 2,158,621,591 6,597,317 8,922,774 2,167,791,145 2,167,544,365 201420152014

41 2015 6 30 10. 54,779,0002014 6 30988,546,000 38,496,0002014 6 30912,667,000 27 11. 2015 6 30 2,131,296,0002014 12 312,253,436,000 12 12. 2015 6 30 2014 12 31 28,517,330 19,325,206 19,716,217 17,781,481 5,051,479 4,205,536 53,285,026 41,312,223 41,526,938,0002014 12 3116,044,213,00012 13. 2015 6 30 2014 12 31 410,403 611,334 3,405,859 3,583,985 1,176,203 956,772 2,029,704 73,750 63,150 7,095,919 5,215,241 24

42 2015 6 30 13. 90 2015 6 30 2014 12 31 30 126,589 256,574 31 90 57,113 104,182 91 180 46,914 19,494 181 365 42,033 91,240 365 137,754 139,844 410,403 611,334 14. 2015 6 30 2014 12 31 11,589,881 11,785,548 8,191,926 7,595,400 19,781,807 19,380,948 2015 6 30 2014 12 31 30 6,041,446 5,307,305 31 90 1,167,942 1,455,515 91 180 1,546,501 2,291,915 181 365 1,322,977 1,459,852 365 1,511,015 1,270,961 11,589,881 11,785,548

43 2015 6 30 15. 16. 2015 6 30 2014 12 31 27 18,170,570 16,503,229 6,394,369 5,617,662 24,564,939 22,120,891 27 4,287,850 4,971,908 1,342,039 130,495 5,629,889 5,102,403 30,194,828 27,223,294 1 14,252,331 12,167,171 1 15,942,497 15,056,123 30,194,828 27,223,294 2015 6 30 2014 12 31 240,000 360,000 186,200 209,000 195,500

44 2015 6 30 17. 2018 2013 2 4100%400,000,0002018 2018 8.5%394,626,000 2,480,617,000 2018 2018 2 4 2013 3 26102.5%300,000,000 2018 2018 308,515,0001,934,851,000 2018 2013 2020139,034,000 201830 2018 2015 1 1 4,281,780 (3,754) 182,205 (181,985) 4,278,246 2013 5 13100%2,500,000,000 5.625%2,475,911,000 2016 5 13 2013 2015 1 1 2,489,026 74,328 (70,313) 2,493,041

45 2015 6 30 17. 2019 2013 9 24100%300,000,0002019 2019 8.0%296,947,000 1,826,138,000 20192019 3 24 2019 2013 2015 2 1096.61%200,000,0002019 2019 191,817,0001,175,321,000 2020263,459,000 201930 2019 2015 1 1 1,821,323 1,175,321 (8,668) 158,938 (148,303) 2,998,611

46 2015 6 30 17. 2015 1 1 8,592,129 1,175,321 (12,422) 415,471 (400,601) 9,769,898 1 2,493,041 1 7,276,857 18. 2015 6 30 0.10 2014 1 1 2,158,500,690 215,850 339,000 34 2014 6 30 2,158,839,690 215,884 2015 1 1 2,160,947,690 216,095 659,000 66 2015 6 30 2,161,606,690 216,161 2014 12 31 208,850 2015 6 30 208,902

47 2015 6 30 19. 2014 1 28 500,000,000 2014 32 2015 6 30 138,069,000 20. 600,000,000 05/09/2016 1 6.1640 5.625% 4.625% 600,000,000 05/13/2016 1 6.1600 5.625% 4.625% 700,000,000 05/13/2016 1 6.1600 5.625% 4.625% 600,000,000 05/13/2016 1 6.1700 5.625% 4.625%

48 2015 6 30 20. 46,946 2014 12 31 71,174 2015 6 30 2014 12 31 9,769,898 10,250,695 1 8,592,129 8,565,155 1 1

49 2015 6 30 21. 2015 1 1 57,430,000 9.57 (659,000) 2.89 (211,000) 11.00 2015 6 30 56,560,000 9.64 9.672014 6 30 8.47 22. 2015 6 30 (i) 2015 5 31 51% 72,360 (ii) 2015 6 30 51% 1,970,285 (iii) 2015 1 1 21% 256 (iv) 2015 4 30 60% 48,000 (iv) 2015 4 30 60%

50 2015 6 30 22. (i) (ii) (iii) (iv) 51% 51% 24 35.4%60% 60% 2014 6 30 (i) 2014 2 27 70% 74,200 (ii) 2014 3 27 50% (ii) 2014 3 27 50% (iii) 2014 5 30 85% 147,370 (i) (ii) (iii) 70% 50% 50%35%50%

51 2015 6 30 22. 6 30 2015 2014 2,672 2,870 109,181 18,830 12,894 1,295,250 11,782,528 4,817,102 349,327 48,432 28,682 376,944 15 139,997 368,449 138,645 773,554 238,801 (472,109) (109,628) (2,279,764) (4,060,190) (3,695,391) (821,002) (468,904) (405,203) (3,129) (73,226) (1,616,095) (1,724,681) 4,371,384 403,467 (2,280,483) (77,375) 2,090,901 326,092 (65,963) i (37,196) ii (1,363) 2,090,901 221,570 908,474 221,570 iii 1,182,427 2,090,901 221,570 (908,474) (221,570) 773,554 238,801 (134,920) 17,231

52 2015 6 30 22. i. ii. 35% 37,196,000 11,363,000 iii. 1,182,17124 423,322,000 423,322,000 2,280,483,000 6,402,000643,000 624,00033,0001,000,000 36,000 2015 1 1 2015 6 30 23. 2015 2 955%11,000,000 2015 2 1566% 33,000,00034% 2015 6 3053% 10,600,00047% 2015 6 30 50% 104,540,000 24

53 2015 6 30 23. 2015 6 30 18,628 295,036 51,347 12,500 148,016 531 108,369 2,006,820 162,425 56,901 16,287 (160,526) (178,956) (1,653,770) (534,585) (54,157) (113,682) 181,184 2,906 184,090 85,816 73,323 24,951 184,090 85,816 (16,287) 69,529

54 2015 6 30 24. 22 232015 5 15 (a) 51% (b) 55% 45% (c) 50% (d) 50% 2015 6 30 (e) 25% (f) 50% (g) Sunac Greentown Investment Holdings LimitedSunac Greentown 50% (h) 51 49 3,390,687,000 2015 7 15 2015 6 30 2015 6 30

55 2015 6 30 24. 2015 6 30(e) (f) (g) 2015 6 30 2,816,390 2,816,390 2,806,294 2,806,294 25. 156,743,000 2015 5 15 (i)25% (ii)50% (iii)sunac Greentown 50% 2015 6 30 2015 6 30 24 51% Sunac Greentown 714,053,0002014 6 30110,248,000

56 2015 6 30 26. 2015 6 30 2014 12 31 11,129,406 13,707,260 81,286 78,877 11,210,692 13,786,137 2015 6 30 2014 12 31 3,676,086 6,968,762 27. 2015 6 30 2014 12 31 15,624 15,762 3,366,919 3,487,208 53,050 49,131 528,259 536,345 560,808 600,577 15,898,042 13,808,752 2,654,765 3,967,235 1,860,000 1,860,000 1,572,292 1,350,690 411,307 429,987 97,110 111,491 27,018,176 26,217,178

57 2015 6 30 28. (i) 2015 6 30 17,449,895,000 2014 12 3117,826,248,000 2015 6 30 2014 12 31 2,508,600 5,912,621 2,058,100 1,532,470 300,000 300,000 4,866,700 7,745,091 791,311 804,987 368,822 423,880 1,160,133 1,228,867 6,026,833 8,973,958 2015 6 30 2014 12 31 3,842,132 5,097,567

58 2015 6 30 28. (i) 2015 6 30 2014 12 31 2,338,042 2,317,055 (ii) 2011 12 29 SOHO (i) 100%(ii) 100% 2012 1 9 10% 40% 50% 100%2012 115,330,000

59 2015 6 30 28. (ii) 2012 5 30 2012 6 4 2012 11 292013 4 24 1. 2011 12 29 100% 2. 2011 12 29100% 3. 2012 1 12100% 4. SOHO

60 2015 6 30 29. (i) 2015 6 30 6 30 2015 2014 1,692 2,328 207 1,968 12 105 13,225 3,086 220 5,799 4,081 67 64 2,065 192 2,039 85,409 47,891 193,333 271,283 148,378 80,798 2,754 10,263 34,865 980 5,686 28,954 144,837 132,629 539 33,000 35,000 6,450 6,300 203,027 181,383 50 135 1,487 1,512 1,552 488 4 86 109 293 1,256 1,919

61 2015 6 30 29. (i) 2015 6 30 6 30 2015 2014 67 7,604 150 1,683 2,943 15,616 80,464 8,892 47,283 22,986 3,173 75 32 441 88 4 152 224 2,200 (ii) 2015 6 3022 23 24 6 30 2015 2014 264,974

62 2015 6 30 29. (iii) 2015 6 30 6 30 2015 2014 13,690 9,657 74 153 13,764 9,810 30. 2015 6 30 2015 7 20 (i) (ii) 2018(iii) 2019 2015 7 20 2015 7 30 2015 7 31 2015 7 202015 7 20 (i) 2018(ii) 2019 2015 7 30 (i)139,034,000 20182018 19.86% (ii)263,459,000 2019201952.69% 429,698,000 2015 7 31 70,302,000 2020 2020100%5.875% 69,700,000 2020 2020 8 11

63 2015 6 30 30. 2020 (1) (2) 20182019 (3) (4) (5) (6) 2015 8 11500,000,000 2020 (i)429,698,000 (ii)70,302,00020202015 8 12 2015 8 2 625,450,000 92%294,000,000 2015 8 2 7,000,000,000 2015 8 28 3,000,000,000 4.7% AA+2015 8 31

64 03900 2015 6 30 571 2006 6 22 01918 00004

GREENTOWN CHINA HOLDINGS LIMITED HANGZHOU HEADQUARTERS 10/F, Block A, Century Plaza, No.1 Hangda Road, Hangzhou, Zhejiang, PRC (Postcode: 310007) Tel: (86-571) 8898 8888 Fax: (86-571) 8790 1717 1 A 10(310007) (86-571) 8898 8888 (86-571) 8790 1717 HONG KONG OFFICE Rm 1406-1408, New World Tower 1, 16-18 Queen s Road Central, Hong Kong Tel: (852) 2523 3138 Fax: (852) 2523 6608 16-18 1 14 1406-1408 (852) 2523 3138(852) 2523 6608 www.chinagreentown.com www.chinagreentown.com Design and Production by: ione Financial Press Limited Website: www.ione.com.hk www.ione.com.hk