Agile Acquired Another Site in Tengchong County of Yunnan Province

Further Replenishes Land Bank of the Project

(17 January 2013, Hong Kong) - Agile Property Holdings Limited ("Agile or the "Group; Stock Code: 3383), one of the leading PRC property developers, is pleased to announce its acquisition of the land use rights of another site in Tengchong County of Yunnan Province at a total consideration of RMB120 million. The site covers a total area of 0.48 million sq.m., with a total planned GFA of 0.77 million sq.m., while the average land cost is only RMB163 per sq.m.. This acquired site will be combined with an adjacent site the Group acquired earlier and will be developed into a world-class leisure and health resort. Taking into account this newly acquired site, the total land bank of Yunnan Tengchong Project amounted to a GFA of 2.38 million sq.m..

The management of the Group commented, "The acquisition further replenish our land bank and shall facilitate ideal regional development and sharing of resources, whilst further enhance our brand influence in the region. The Group is determined to adopt a prudent yet proactive approach in seeking development opportunities in the future, while upholding a view to further strengthen our industry-leading position, and strive for considerable returns for shareholders and customers.

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