Company introduction

Jingrui Holdings is one of the leading regional property developers in the Yangtze River Delta. The company has operations in 13 cities in China, 11 of which fall within the 16 core cities of the Yangtze River Delta region defined by the State Council in 2010. During the track record period and up to August 31, 2013, the company had completed property projects or project stairs in nine cities, with a total construction area of 3.3 million square meters; in 11 cities, the total construction area was about 1.8 million square meters; in ten cities, the total construction area was about 1.8 million square meters; in ten cities, the total construction area was about 2.5 million square meters for future development; while the company's total land reserves were about 46 million square meters.

For the years ending December 31, 2010, and December 31, 2012, the profit attributable to corporate equity holders was RMB 194.8 million, RMB 160.3 million, and RMB 271.7 million.

Assumed use of proceeds

Assuming that the over-allotment rights were not exercised, the net proceeds from the sale of shares were estimated at approximately HK$1,421 million based on the median sale price of HK$4.84 per share.