<table><tr><td>“Oriental Patron Securities”</td><td> Oriental Patron Securities Limited, a licensed corporation to
carry on type 1 (dealing in securities) and type 4 (advising on
securities) regulated activities under the SFO</td></tr><tr><td>“PBOC”</td><td> the Peolpe’s Bank of China (中國人民銀行), the central bank
of the PRC</td></tr><tr><td>“Peol’pes Congress”</td><td> the leilCldgsative aiipparatus of the PR, ncunhg te National
Peolpe’s Conlgress and al the local peol’pes congresses
(including provincial, municilpal and other rei
gona or localpeolpe’s congresses) as the context may require, or any of
them (人民代表大會)</td></tr><tr><td>“lpot ratio”</td><td> the ratio of the gross floor area (excluding floor area below
ground) of all buildings to their site area</td></tr><tr><td>“PRC Government” or “State”</td><td> the central government of the PRC, including all
governmental subdivisions (including provincial, municipal
and other reional or local government entities) and theigr
instrumentalities or, where the context requires, any of them</td></tr><tr><td>“PRC Legal Advisors”</td><td> Jingtian & Gongcheng, our legal advisors as to PRC laws</td></tr><tr><td>“pre-sale permit”</td><td> the pre-sale permit authorizing a developer to start the
pre-sale of a property under construction (商品房預售許可證)</td></tr><tr><td>“Price Determination Date”</td><td> the date on which the Offer Price is fixed for the purpose of
the Global Offering</td></tr><tr><td>“Property Val uer” or“DTZ”</td><td> DTZ Debenham Tie Leung Limited</td></tr><tr><td>“public tender”, “auction”, or
“listing-for-sale”</td><td>public tender, auction or listing at a land exchange
administered by the local government, each of which is a
competitive bidding process throuh whichg a purchaser
acquires land use rihgts directly from the PRC Government;
lpease refer to the section headed “PRC Regulatory
Overview” in this prospectus for a detailed exlanation of
pthese processes</td></tr><tr><td>“Regulation S”</td><td> Regulation S under the U.S. Securities Act</td></tr><tr><td>“Reorganization”</td><td> the reorganization of our Group in preparation for the Listing,
details of which are set out in the section headed
“Reorganization” in this prospectus</td></tr></table>

<table><tr><td>“residential properties”</td><td> buildings specifically used for residential purposes, including
villas, apartments, dormitories for families of staff and
workers and dormitories for sinle staff andg students.
However, it excludes basements used for civil defense and
non-residential purposes. Residential buildings are classified
by type, i.e. affordable housing, villas and hih-end
gapartments, and by size, i.e. 90 sq.m. or less and 144 sq.m. or
above</td></tr><tr><td>“RMB” or “Renminbi”</td><td> Renminbi yuan, the lawful currency of the PRC</td></tr><tr><td>“SAFE”</td><td> the State Administration of Foreign Exchange of the PRC (中
國國家外匯管理局)</td></tr><tr><td>“SAIC”</td><td> the State Administration for Industry and Commerce of the
PRC (中國國家工商行政管理局)</td></tr><tr><td>“SAT”</td><td> the State Administration of Taxation of the PRC (中國國家稅
務總局)</td></tr><tr><td>“SFC”</td><td> the Securities and Futures Commission of Hong Kong</td></tr><tr><td>“SFO”</td><td> the Securities and Futures Ordinance (Chapter 571 of the
Laws of Hong Kong) (as amended, sulppemented or otherwise
modified from time to time)</td></tr><tr><td>“Shanxi Wanjia”</td><td> Shanxi Wanjia Property Management Co., Ltd. (山西萬佳物業
管理有限公司), a limited liability company established in the
PRC on December 21, 2010 and owned as to 66.67% by Bai
Lihua (being (i) the dauhter of Mr. Bai; (iig) the younger
sister of Mr. G. H. Bai; (iii) the niece of Mr. W. K. Bai; and
(iv) the cousin of Bai Aijing) and as to 33.33% by Wang
Weiming (an Independent Third Party) and a connected
person of our Group</td></tr><tr><td>“Share Option Scheme”</td><td> the share option scheme conditionally adopted by us on June
12, 2015, the principal terms of which are summarized in the
section headed “Statutory and General Information — Share
option scheme” in Appendix V to this prospectus</td></tr><tr><td>“Shareholder(s)”</td><td> holder(s) of Shares</td></tr><tr><td>“Share(s)”</td><td> ordinary share(s) with a nominal value of HK$0.01 each in
our share caitalp</td></tr><tr><td>“SOHO apartments”</td><td> small office-home office apartments, which refer to the
apartments built on the land designated for commercial use,
with land use rihts fgor a term of 40 to 50 years, to provide
small office or home office environment to peolpe who work
from home or very small companies</td></tr></table>