The signing ceremony for strategic cooperation between Times Property and Shanghai Pudong Development Bank (SPDB) was held in the No. 11-1 meeting room on the 11^th floor of the Guangzhou branch's building of SPDB at five o'clock on February 13. Shum Chiu Hun, the president of Times Property, Li Weihong, the assistant to Mr. Shum and Tao Chengjiang, the director of the Financial Capital Center, participated in the ceremony. Li Rongjun, the president of the Guangzhou branch of SPDB, and its vice president Dong Yizhe also attended. The win-win cooperation between them will open a new chapter on their future development.

SPDB possesses good reputation in the sector of joint-stock commercial banks around the country. Its comprehensive financial services and idea of innovation service have been at the forefront in the field. As a top 100 real estate enterprise in China, Times Property has been a long-term partner of SPDB. Their cooperation scale has been growing from the initial RMB 70 million to RMB 1.3 billion, from traditional loan transactions to more loan services and perpetual bond business, which will witness their co-development and expected mutual growth. Hence the win-win cooperation this time will be a fresh start for both of them.

On the ceremony, President Shum introduced Times Property's "Three Focuses" strategy in 2014 and future goals to SPDB. He wished that the Guangzhou branch of SPDB would provide more support in regard to innovative services to Times Property.

Meanwhile, President Li introduced the key development directions of SPDB in 2014 and his understanding of international and domestic economy and trend of the industry. He noted that SPDB would provide more support in regards of policies and resources to famous Guangdong real estate development enterprises like Times Property.

At the end of the ceremony, President Li and President Shum signed the agreement for strategic cooperation, marking the formal establishment of strategic partnership between SPDB and Times Property Holdings Limited so as to lay a solid foundation for their deeper and wider cooperation.