Evergrande Property is the independent real estate business platform of Evergrande Group. Evergrande Property Holdings is the domestic holding company of Evergrande Property Group, established in July 2015 as the exclusive platform for Evergrande Group's domestic real estate development business. It is a large-scale, comprehensive Chinese property developer specializing in residential property development as well as the development, operation, and management of commercial and mixed-use properties. "145X" as the National Expansion Strategy Leveraging Evergrande Group's 19 years of experience in the real estate industry, Evergrande Property has adopted the "145X" strategy for nationwide expansion. As of October 31, 2017, Evergrande Property had invested in and established a presence across four major economic regions—the Yangtze River Delta, the Bohai Rim, the Central and Western regions, and the West Coast of Taiwan—setting up operations in 17 first- and second-tier cities including Shanghai, Nanjing, Suzhou, Hefei, Tianjin, Wuhan, Changsha, Zhengzhou, Xi'an, Fuzhou, and NamCheong. The company has developed and operated nearly 100 boutique projects with a total development area exceeding 20 million square meters, and its land reserve covers approximately 11.51 million square meters. While deepening its footprint in key first- and second-tier cities, Evergrande Property also seizes opportunities to expand into surrounding satellite cities, strategically positioning itself around major metropolitan clusters. Positioned as the "Master of Improvement" Grounded in its brand positioning as the "Master of Improvement," Evergrande focuses on the needs of mid-to-high-end customers seeking better living conditions, dedicating itself to developing high-quality residential properties. Over time, it has established four major product series—Collector Series, Master Series, Precision Craftsmanship Series, and Premium Home Series—as well as iconic product brands such as Evergrande Runfeng, Evergrande Guoling, and Evergrande Mansion. In addition to residential development, to maintain a diversified and balanced portfolio, Evergrande Property also develops and operates three major commercial and mixed-use property lines: the Wealth Center series, the Times Square series, and the Evergrande Street series. Notable commercial projects include the Shanghai Hongqiao Evergrande Center, a high-end office and commercial complex, and the Xi'an Evergrande Rainbow Valley Maternity and Children's Theme Commercial Project, among others. A Professional Real Estate Enterprise with Multi-Mode Integrated Development Capabilities Thanks to its superior product development capabilities, Evergrande Property was awarded the "2015 China Most Innovative Real Estate Enterprise Award" by the Organizing Committee of the Boao Real Estate Forum in 2015. Several of its development projects have also received prestigious accolades for their innovative designs, such as Shanghai Hongqiao Evergrande Mansion, which was named one of the "Top 10 Exquisite Architectural Residences in Asia 2015" and a "New Landmark of Architecture in 100 Chinese Cities 2016–2017"; Shanghai Hongqiao Evergrande Center, which won the "Asia Eco-Business Flagship Award 2015"; and Putian Evergrande Wealth Center, which was honored with the "Asia Real Estate Leadership Award—Top 10 Best Urban Complexes." Looking ahead, Evergrande Property will continue to enhance its business synergy. Over the next three years, the company aims to rank among the top 15 real estate developers in China based on its overall strength. It plans to expand into core cities within four major regions, adding one to two new cities each year. Through a strategy of deep cultivation, Evergrande will focus on prime and high-potential areas in these cities, providing more improvement-oriented customers with healthy, fulfilling lifestyles and ideal, happy homeownership opportunities.