About Shenzhen Investment

Shenzhen Investment Limited operates as an investment holding company in China. The company is a mid-market property developer in southern China, which is 47.42%-owned by Shenzhen’s city government. The company, during 2008, was involved in the following principal activities: property development, property investment, property management, provision of transportation services, and manufacture and sale of industrial and commercial products. The company, in addition to its own property development business, holds a 27.38% stake in Road King, and a 22.62% stake in Coastal Greenland. Its total land reserves inlude 10 million square meters (GFA), of which 1.97 million square meters are under construction. The company has ownership interests in Road King and Coastal Greenland. Road King has a land bank of 5.61 million square meters (GFA), and Coastal Greenland has a land bank of 3.07 million square meters (GFA). Segments The Property Development segment engages in the development of residential, industrial and commercial properties. The Property Investment segment invests in residential, industrial and commercial properties for their rental income potential. The Property Management segment engages in the management of both Group developed properties and non-Group developed properties. The Transportation Services segment consists of the provision of taxi and passenger transportation services, automobile maintenance, cargo services and other related services. The Manufacturing segment engages in the manufacture and sale of industrial and commercial products. The ‘Others’ segment comprises, principally, the manufacture and sale of aluminum alloys and other businesses. Projects under Development and land reserves As of December 31, 2008, the company had 18 projects under construction with a total gross floor area of approximately 1,973,000 square metres. Out of these projects, 10 were at their pre-sale stage with a scheduled salable floor area of approximately 228,000 square metres. These projects include Water Pine, Nanhu Phase I, Shumyip Coast Phase III, Purple Kylin Hill Phase I, Noble Residence, Walin Lake Phase I and Phase II. Some of the major projects include Red Pine, Purple Kylin Hill Phase I, Shumyip Coast Phase III (Part 2), Royal Spring Villas and Nanhu Rose Bay Phase II. The land reserve held by the company has a total gross floor area of 11,634,000 square metres, with attributable gross floor area 10,405,000 square metres (excluding attributable gross floor area of 694,000 square metres in Coastal Greenland and 1,537,000 square metres in Road King respectively). Property Investment The total size of the company’s property investment was approximately 633,000 square metres.