This glossary of technical terms contains terms used in this Prospectus in connection with us and our business. Some of these terms and their meanings may not correspond to standard industry meanings or usage of such terms.

<table><tr><td>“ASP”</td><td> average sellingp rice</td></tr><tr><td>“Beibu Gulf Reiigon andN eihbgorng
Cities (北部灣經濟區及周邊城市)”</td><td>the economic reilGlfgon cose to Beibu u, which includes
Guangxi Zhuang Autonomous Reigon and cites in the
nearbldiy reigons, incung, among others,N anning, Liuzhou
and Guigang</td></tr><tr><td>“Beijing-Tianjin-Hebei Reigon (京津
冀經濟區)”</td><td>the economic reiiiliigon covering muncpates of Beijing and
Tianjin, and Hebeip rovince</td></tr><tr><td>“building ownership certificate”</td><td> building ownership certificate (房屋所有權證), a certificate
issued by relevant authorities with respect to building
ownership rihgts</td></tr><tr><td>“Chendgu-ChoniR
gqng eigon (成渝經濟區)”</td><td>the economic reigon coverinhg Cendgu, Chonidhgqng an te
surrounding cities</td></tr><tr><td>“city clusters”</td><td> generally refers to a grouipng of cities that are relatively
close in distance, and can be connected throuh
gtransportation and communication means andp romoted
together for economic growth</td></tr><tr><td>“commercialp roperty(ies)”</td><td> forp urposes of this Prospectus,p roperty(ies) designated for
commercial use</td></tr><tr><td>“comlpetion certificate”</td><td> the construction work comlipeton inspection acceptance
certificate (房屋建築工程竣工驗收備案表), issuedb y local
urban constructionb ureaus or relevant authorities in China
in connection with the comletion ofp roperty develpopment
projects</td></tr><tr><td>“construction landp lanningp ermit”</td><td> the construction landp lanningp ermit (建設用地規劃許可
證), issuedb y local urban zoning andp lanninbg ureaus or
relevant authorities in China in connection with the
lanning of construction landp</td></tr><tr><td>“construction works commencement
permit”</td><td>the construction works commencementp ermit (建築工程施
工許可證), issuedb y local constructionb ureaus or relevant
authorities in China in connection with the commencement
of construction works</td></tr><tr><td>“construction worksp lanningp ermit”</td><td> the construction worksp lanningp ermit (建設工程規劃許可
證), issuedb y local urban zoning andp lanninbg ureaus or
relevant authorities in China in connection with the
lanning of construction workps</td></tr><tr><td>“GFA”</td><td> gross floor area</td></tr></table>

<table><tr><td>“land grant contract”</td><td> the state-owned land use rihgts grant contract (國有土地使
用權出讓合同), an agreement between a land user and the
relevant PRC governmental land administrative authorities</td></tr><tr><td>“land use rihgts certificate”</td><td> the state-owned land use rihfgts certiicate (國有土地使用權
證), a certificate (or certificates, as the case may be)
concerning one’s riht to use ap arcel of landg</td></tr><tr><td>“leasable GFA”</td><td> (i) in relation to comlpetedp roperthyp rojects, te total GFA
as shown in the relevant comlpetion documents, survey
documents and/or building ownership certificates for
leasingp urposes; or (ii) in relation top rojects for which we
have obtainedp re-salesp ermits, the GFA as shown in the
pre-sales permits, comletion dpocuments, survey
documents and/or building ownership certificates for
leasingp urposes</td></tr><tr><td>“Midstream Parts of the Yangtze
River Rei長中游經gon (江濟區)”</td><td>the economic reigon coverinfgp arts o Jiangxi province,
Hunanp rovince, Hubeip rovince, which includes the cities
of, among others, Changsha and Wuhan</td></tr><tr><td>“lpot ratio”</td><td> the ratio of the gross floor area (excluding floor areab elow
ground) of allb uildings to their site area</td></tr><tr><td>“pre-salesp ermit”</td><td> commodityp ropertyp re-salesp ermit (商品房預售許可證), a
permit issuedb y local housing andb uilding administrative
bureaus or relevant authorities in China in connection with
pre-sales ofp roperties under construction</td></tr><tr><td>“residentialp roperty(ies)”</td><td> forp urposes of this Prospectus,p roperty(ies) designated for
residential use</td></tr><tr><td>“sq.m.”</td><td> square meter(s)</td></tr><tr><td>“Western Taiwan Strait Economic
Rei海西經gon (濟區)”</td><td>the economic reihdgon tat is locate west of the Taiwan
Strait, which covers Fujian province and parts of the
surroundingp rovinces, including, among others, Xiamen,
Quanzhou, Zhangzhou and Fuzhou</td></tr><tr><td>“Yangtze River Delta Rei
gon (長三角經濟區)”</td><td>the economic reigon coverinhg Sanhiga, Anhui province,
Jiangsup rovince and Zhejiangp rovince</td></tr><tr><td>“%”</td><td> per cent</td></tr></table>