Property

Joy City Property W Beijing Project Win Luban Prize

HONG KONG, Nov. 20, 2015 /PRNewswire/ -- Joy City Property Limited ("Joy City Property" or the "Company", HKEx Code: 0207) is pleased to announce that W Beijing, the reconstruction project of Gloria Plaza Hotel Beijing, successfully won the 2014-2015 China's Construction Projects Luban Prize (National Excellent Project). Ministry of Housing and Urban-Rural Development had issued a bulletin on the day to praise the prizewinners, appealing all the construction enterprises to learn from the Company, in order to speed up the transformation and upgrade, as well as to contribute to the development of the construction industry.

"Luban Prize" is the top prize among China's construction projects. During the construction progress, the hotel business department had reached all requirements from the Group, aiming to get the "Luban prize" with their stringent management and meticulous construction. After the completion of the project, the hotel followed the requirement from the judges and immediately improved of insufficiency, which had placed a solid foundation for the honor of "Luban Prize".

W Beijing is the first construction project invested by COFCO Corporation, which has a huge meaning to COFCO Corporation in developing product strength and enhancing the influence of the property brand.

About Joy City Property Limited

Joy City Property is a commercial property listing company under COFCO Corporation, business of which covering commercial property, residential property, hotel, tourism property and regional comprehensive development. With the enterprise commission of "providing premium landscaping living environment and high quality service, leading a modern and fashion life style, and gradually became a brand property leader with sustainable development capability in China", the Company successfully built an urban complex under the brand of Joy City with the principle concept of " juvenility, fashion, modern and taste", and developed various products, including the top-level scenery series integrated with excellent natural resources and buildings, international living community series gathering international life styles and Chinese spirit, urban boutique resident series facing to city elites, top-level high-end hotels with international influence, such as MGM Grand Sanya, Regis Sanya, Waldorf Astoria Beijing, Beijing W Hotel, and the National Tourist Holiday Resort in Yalong gulf, Sanya with the reputation of "Oriental Hawaii", which formed a gorgeous property territory with rich formats, perfected product categories and balanced capital structure.

Should you have any inquiries, please contact:

iPR Ogilvy & Mather
Callis Lau / James Wong / Maggie Chui / Kiki Zhang
Tel: +852-2136-6952 / 3920-7642 / 2136-8059 / 3920-7639
Fax: +852-3170-6606
Email: joycity@iprogilvy.com