SOL announces 2008 Annual Results Profit attributable to shareholders slightly increased

SOL announced its 2008 annual results on 16 April, and the Management met with media and analysts after the board meeting. For the year ended 31 December 2008, SOL’s turnover was RMB3,556 million. Profit attributable to shareholders amounted to RMB2,480 million, slightly up 1% from the previous year. Earnings per share are RMB59 cents. During the year, the Group sold a total of 907 units or 85,100 sq.m. The Group had a landbank of 13.2 million sq.m. which is estimated to be sufficient for another ten years at our current pace of development.

SOL Annual Report 2008 themed ‘Opportune Strategy, Timely Moves’ with adopting the quintessence of Chinese culture – Chinese chess – as design concept. It symbolises that we can match all our plans with the movements of the market with strategic and visionary in thinking. More at: http://www.shuionland.com/sol/Portals/_default/Skins/SOL/ images/SOL_Annual_Report_2008_EN.pdf

Chongqing Tiandi’s residential building performances acclaimed

From 16 to 19 April, Chongqing Tiandi participated in 4th Energy Saving & Emission Reduction in Construction & Green Building Technology Exhibition showcasing our green building achievements, including water source heat pumps listed in the state-level demonstrated project of renewable energy sources. Mr. K.W. Tang, Director of Chongqing Project, also shared our green initiatives at the exhibition. The Riviera of Chongqing Tiandi obtained the Grade-AA certification of the performance of residential buildings achieving high level in applicability, safety, durability, environment, as well as economy and technology.

Gracing their presence

Our projects have long been graced by the presence of many honourable guests - Mr. Pervez Musharraf, former President of Pakistan, visiting Shanghai Xintiandi on 2 April; Mr. Wu Bangguo, Chairman of National People’s Congress and his retinues, visiting Wuhan Tiandi on 31 March; Minister of Land and Resources and Foshan government officials visiting Foshan Lingnan Tiandi on 16 April. In addition, Mr. Li Yundi, an international prestigious pianist, paid a visit to Chongqing Tiandi and signed a contract to live in The Riviera.