Hong Kong Real Estate Potentially Undervalued Companies

China South City Holdings Limited, together with its subsidiaries, develops and operates integrated logistics and trade centers in the People’s Republic of China.

Sino-Ocean Group Holding Limited, an investment holding company, engages in the property investment and development activities in the People’s Republic of China.

Modern Land (China) Co., Limited, an investment holding company, engages in the provision of real estate development, property investment, hotel operation, project management, real estate agency, and immigration services in the People’s Republic of China and the United States.

China South City Holdings Limited, together with its subsidiaries, develops and operates integrated logistics and trade centers in the People’s Republic of China.

China South City Holdings Limited, together with its subsidiaries, develops and operates integrated logistics and trade centers in the People’s Republic of China.

Powerlong Real Estate Holdings Limited, an investment holding company, invests in, develops, and manages properties in the People’s Republic of China.

Guangzhou R&F Properties Co., Ltd., together with its subsidiaries, engages in the development and sale of residential and commercial properties in the People’s Republic of China, Malaysia, Cambodia, Korea, the United Kingdom, and Australia.

Sino-Ocean Group Holding Limited, an investment holding company, engages in the property investment and development activities in the People’s Republic of China.

KWG Group Holdings Limited, an investment holding company, engages in the investment, development, management, and sale of real estate properties in the People’s Republic of China.

China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and treasury operations.

Logan Property Holdings Company Limited, an investment holding company, invests in, develops, and constructs properties in the People’s Republic of China.

Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and Mainland China.

Agile Group Holdings Limited, an investment holding company, engages in the property development, property management, hotel operation, property investment, environmental protection, and other businesses in the People’s Republic of China.

Times China Holdings Limited, an investment holding company, engages in the property development business in the People’s Republic of China.

Yuzhou Properties Company Limited, an investment holding company, engages in the investment, development, and management of properties in the People’s Republic of China.

Hopson Development Holdings Limited, an investment holding company, engages primarily in the development of residential properties in Mainland China and Hong Kong.