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Commercial Property Investment - "Yangzhou Times Square"

Property development and investment remains an ongoing business of the Group.
Yangzhou Times Square (www.yz-times.cn)

Yangzhou Times Square, the Group's development in Yangzhou City of Jiangsu Province, China, has become the landmark of Yangzhou.

The first phase of Yangzhou Times Square was opened in April 2002 with a gross floor area of 68,800 square meters. As the economy continues to grow and the living standard of the Yangzhou people continues to reach new heights, the occupancy rate of Yangzhou Time Square has been maintaining over 95% since its opening.

Apart from the 300-plus stores and the two mega thematic marketplaces engaging in retail clothing, jewellery, accessories, watches, cosmetics, there are other major and long-term tenants including restaurants, supermarkets, household appliance mega stores, digital cinema, bookstores, piano stores, business cum leisure centre and KTV. With a well-balanced mix of tenants offering one-stop service including shopping, leisure, entertainment, dining and travelling, Yangzhou Times Square records daily traffic of over 30,000 shoppers, making it the most popular and stylish landmark for consumers in Yangzhou.

Yangzhou Times Square was accredited the ISO9001:2000 quality certification in 2007 and won the following recent awards:
 

  The Advanced National User Satisfaction Organization 2007, awarded by the National Real Estate Entrepreneur Association
  The Advanced Property Management Service Organization of Yangzhou 2007, awarded by the Yangzhou Property Management Bureau
  The Advanced Public Security Control Organization of 2007, awarded by the Municipal Government of Guangling District, Yangzhou
  The Excellent Property Management Company of Yangzhou 2007, selected and voted by the general public
  The Most Caring Property Management Company of Yangzhou 2007, selected and voted by the general public