Yanlord New city Gardens is located at the junction of Renmin Road West and Santaishi Road, Xinxiangzhou district, Zhuhai city. This development is located in the newly established administrative and cultural center of Zhuhai. This is an integrated residential and commercial development that comprises residential apartments, retail shops and ancillary facilities. The first phase and second phase of this development together occupy a combined site area of 229,931 sqm and have a combined GFA of 412,930 sqm and a combined total saleable GFA of 407,504 sqm. We commenced the construction of the first phase and the second phase of this development in September 2006 and August 2007, respectively, and completed construction in December 2007 and April 2012, respectively. The commercial street and a kindergarten with total GFA of 7,493 sqm and 3,506 sqm, respectively are held as investment properties to generate rental income.