Modern Land (China) Co., Ltd. announced unaudited group sales results for the month and twelve months ended December 31, 2016. For the month, the company reported contracted sales of the Group amounted to approximately RMB 2,068.41 million. For the twelve months, the company reported contracted sales of the Group amounted to approximately RMB 16,572.21 million. As compared with the twelve months ended 31 December 2015, contracted sales of the Group increased by approximately 46.79%.