On the morning of December 7, the groundbreaking ceremony was held for China Resources Qianhai Center, an urban complex developed by CR Land. Among those present at the ceremony were Wang Rong, member of the standing CPC Committee of Guangdong Province and CPC Secretary of Shenzhen, Xu Qin, Deputy CPC Secretary and Mayor of Shenzhen, and Lv Ruifeng, Deputy Mayor of Shenzhen as well as relevant representatives from CR Land.

The project is located in the central part of Qianhai Business and Financial Zone, south of No. 4 Guiwan Road, west of Menghai Avenue and east of Tinghai Avenue. The land block, acquired by CR Land for 10.9 billion yuan, features rich water resources and location advantages. The project will cut through a densely-occupied center of financial industry, neighboring airports in Shenzhen and Hong Kong, within the half-hour traffic circle of Hong Kong and the one-hour traffic circle of the Pearl River Delta. Three connected subways and six three-dimensional transportation lines will be developed, providing excellent traffic conveniences for the region. The project, covering a land area of 61,800m2 and a total constructed area of 503,000m2, to be developed with a total investment of 20 billion yuan, will be an urban complex project integrating an international 5A Class-A office building, a high-end shopping center, an international luxury apartment building and a luxury hotel, making a new landmark building of Shenzhen.

Qianhai Shenzhen-HK Modern Service Cooperation Area, where China Resources Qianhai Center is to be developed, is reputed as a Special Zone in the Special Zone. The area of only 10km2 features a high starting point for planning and the most preferential investment policy, making it a land of great value for investment. According to the latest data released by the Administration of Qianhai, a total of 2,642 enterprises are established in the cooperation zone, with a total registered capital of 205.1 billion yuan. The enterprises established in this zone include 30 of the Top 500, including HSBC, Standard Chartered Bank, UBS and Softbank Group. The great demand for real properties and property management will provide a platform for the Group to practice its cross-industry coordination advocated and implemented by the Group. In addition, China Resources Qianhai Center project will be integrated with China Resources Shenzhen Bay International Business Center into the west urban center of Shenzhen and included in the strategic planning for Greater Shenzhen Zone to be planned CR Land, rendering the project bright development prospects.