Fantasia Announces Accumulated Contract Sales of RMB4.74 billion for August
4 September 2013, Hong Kong-Fantasia Holdings Group Co., Limited (“Fantasia” or “the Company”, Stock Code: 1777) announced its sales results for August 2013.  Fantasia has achieved contract sales of approximately RMB689 million and gross floor area (“GFA”) sold of approximately 96,722 square meters.  As of 31 August 2013, Fantasia recorded accumulated contract sales of approximately RMB4.74 billion and accumulated GFA sold of 599,755 square meters.
In this month, the Company enhanced its marketing strategy to seize opportunities in the market place, thus recordingoutstanding sales performance through launching rigid-demand products.  For instance, Suzhou Fantasia Special Town launched 400 units, which were almost sold out on the date of launch. Guilin Fantasia Town launched twoblocks of building, and were basically sold out. Huizhou Fantasia Special Town launched rigid-demand units while Tianjin Love Forever launched foreign-style house units.Both of which had realized nearly 70% sales through rate.  Sales of commercial products, such as Nanjing Yuhuatai Project and Chengdu Longnian International Center Yuhuatai Project also witnessed stable growth.
The Company will launch more rigid-demand mainstream products to meet market demands in the second half of the year.  In September, the Company will launchsix projects.Four of which will be rigid-demand projects, namely Guilin Fantasia Town, Chengdu Fantasia Town, Huizhou Fantasia Special Town and Suzhou Fantasia Special Town.  Tianjin Love Forever will launch foreign-house units while Chengdu Grande Valley will launch Mini villas.
On 1 August, Fantasia Hotel Co., Ltd announced its official appointment as hotel manager of Ningbo Kangcheng Sunshine Hotel underFantaisa’s own brand, U hotel.  It is the first time U hotel brand was selected as hotel manager to manage a hotel built by a third party, which marked the Company’s hotel light-asset operation mode entering into an accelerating phase.
On 6 August, the Company announced that Tianjin Fantasia Investment Co., Ltd, a wholly-owned subsidiary of the Company has successfully acquired a parcel of land in Hexi District, Tianjin at bottom price, for an aggregate consideration of RMB283.2 million.  The land is for commercial purpose with a site area of approximately 13,744 square meters and the gross floor area (“GFA”) of approximately 68,720 square meters. The land acquisition marks the Company’s second commercial complexproject in Chentang Science & Technology Business District, since its development of Future Plaza. 
On 19 August, the Company announced its interim results for 2013.  As at 30 June 2013, the Company achieved a total revenue amounted to approximately RMB2,751 million, increased by 128.3% over the same period last year; gross profit of approximately RMB1,030 million, representing an increase of 104.8% as compared to corresponding period in 2012.  Gross profit margin maintained at a high level of 37.5%.
On 19 August, the Company announced that Colour Life Services Group Co., Limited (the “Colour Life”), submitted a spin-off proposalto The Stock Exchange of Hong Kong Ltd to seek for the approval of the separate listing and trading of the shares of Colour Life.  The shares of Colour Life will be offered for subscription by way of an IPO in Hong Kong and international placement to professional, institutional and other investors.

On 28 August, the establishment of a branch in Guangzhou was completed and started its operations.  It signified the Company’s national strategic layout coveringall four first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, which solidified the Company’s strategic planning of returning to first-and-second tier cities as well as laid a solid foundation for future business development in first-and-second tier cites.