Operating Performance of Hangzhou Xihu Real Estate Group Co., Ltd.

Since its establishment more than 20 years ago, the company has been adhering to the business philosophy of "caring for the city and creating classics", devoted to real estate development, and emphasized "building brands with quality and promoting development with integrity". After the transformation of the old city project into a market-oriented hot-selling real estate development, the company has developed rapidly and its strength has increased year by year. From 2002 to 2004, the company ranked among the top 50 taxpayers in Hangzhou for three consecutive years. It has been awarded the titles of "AAA enterprise with credit rating", "civilized unit in Zhejiang Province" and "the largest enterprise in the real estate industry in the province". Won the honor of "Top Real Estate Enterprises in China 100", "Famous Real Estate Developers in China (Zhejiang)", "Top 30 Real Estate Enterprises in Zhejiang", "Top 80 Real Estate Development Enterprises in Yangtze River Delta" and "Top 200 Real Estate Enterprises in China". Ye Xiaolong, the chairman of the board, was successively named as "Top Ten Real Estate Man of Zhejiang Province" and "National Model Worker".

Xifang Group unswervingly takes the road of specialization and implements reasonable capital operation and sustainable development project reserve. At present, the company is building or completing more than 20 projects such as Jinxiu Jiangnan, Yunxi Xiangshan, Maanshan West Lake Garden, Xicheng Square, Du Xing Jiayuan, Qiushuiyuan, Lujiamingyuan, Qiantang Yayuan, Kyoto Garden, Yishenglou, Dongshan Lane, Songmuchang and Gudang Community, with a development area of over 3 million square meters. Many projects have won the "Qianjiang Cup" and "Xihu Cup" from other provinces and cities.