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(Hong Kong, August 7, 2017) China Overseas Property Group Co., Ltd. (hereinafter referred to as "China Overseas Property" or "Company", stock code: 02669.HK ) Announced today the unaudited interim results of the Company and its subsidiaries (collectively referred to as the "Group") as of June 30, 2017.

For the six months ended June 30, 2017, the building area managed by the Group increased by 5.5% from the end of last year to 98.6 million square meters In the first half of 2017, the value of new/renewed property management contracts reached approximately HK$673.5 million; overall revenue increased by 4.1% to HK$1,308.1 million. The gross profit increased by 27.1% from the same period last year to HK$393.9 million in the current period; the gross profit margin increased to 30.1% of the current period; the profit attributable to the company’s owners increased from the same period last year 36.0%, reaching HK$155.0 million; basic and diluted earnings per share were HK$4.72 cents, an increase of 36.0%. The average return on shareholders’ equity was 38.4%. The board of directors announced the payment of an interim dividend of HK$1.5 cents per share for the six months ended June 30, 2017.

The group focuses on providing customers with high-quality management services, designing differentiated service products for different needs of customers, and building a good corporate brand image; 30 years of service precipitation , We have established a complete service quality control system, passed the certification of the international service standard system, used information technology to improve service quality, and committed to continuously improving customer satisfaction; we focused on the market expansion of medium and high-end residential and commercial properties , In order to continue to grow our market share and expand the market scale; while maintaining high-quality services, we improve labor efficiency, control management costs, and increase benefits through the establishment of informatization and intelligent platforms.

Faced with the potential consumption power of the huge community population, we are committed to the continuous development of diversified value-added services to fully satisfy the majority of owners, tenants and users At the same time, we will use the emerging mobile Internet and Internet of Things technologies to vigorously develop online platforms to provide customers with a faster and more intuitive user experience and enhance our overall competitiveness in the property management industry.
As one of the leading property management companies in China, our mission is to continue to lead the development of the industry with outstanding performance, to create perfect living enjoyment for customers with high-quality services, to maintain and increase the value of customer assets through sound asset management and operation, and to help employees Provide continuous career development space and a pleasant working environment, build brand image with good reputation, and continue to expand the property market to create value for shareholders.