China Overseas (Wuhan) Real Estate Co., Ltd.

China Overseas Property (hereinafter referred to as the "Company") is affiliated with China State Construction Engineering Corporation. Founded in Hong Kong in 1979, it was listed on the Hong Kong Stock Exchange in 1992 and was selected as a constituent stock of the Hang Seng Index in 2007. The Company has 41 years of experience in real estate development and real estate operation and management, with business spanning more than 80 cities in Hong Kong, Macau and the mainland, as well as multiple countries and regions including the United States, the United Kingdom, Australia and Singapore. In 2019, the Company's total assets reached RMB 723.9 billion, and net assets reached RMB 289.145 billion. In 2019, contracted sales amounted to HKD 377.17 billion, a year-on-year increase of 25.2%, and net profit was RMB 41.62 billion. Profitability remained leading, and operating performance showed a sound and rapid growth trend.
The credit ratings assigned to the Company by the three major international rating agencies are: Moody's Baa1, Standard & Poor's BBB+ and Fitch A-, with credit ratings remaining leading; it has been recognized as a China Blue Chip Real Estate Enterprise and a leader in China's real estate industry for 16 consecutive years; it has been a constituent stock of the Hang Seng Corporate Sustainability Index for 10 consecutive years; in 2019, China Overseas Property's brand value reached RMB 91 billion, firmly ranking among the top in the real estate industry.
The Company is positioned to become an outstanding international real estate development and operation group, adhering to being a "four-good" company, namely "good products, good services, good returns and good citizenship"; adhering to the product design philosophy of "enjoyable space, smart IoT, green technology, healthy life+"; adhering to the development philosophy of "process excellence, building excellence"; adhering to the customer service philosophy of "customer first, steady progress and long-term success"; and establishing and operating three major human resources brands, "Sea's Son", "Sea's Star" and "Haina", recruiting outstanding university talents and social elites, and building a systematic talent training mechanism to provide talent support for the Company's sustainable development.
After 41 years of development, the Company has established three major industry clusters: "residential development", "urban operation" and "creative design and modern services".