In August 2014, driven by the company’s newly launched self-use residential property project and the recovery of the overall contracted sales in Beijing, BCL recorded a significant increase in sales. BCL achieved contracted sales area of 343,000 sq. m., up 202% compared with the same period last year, while the corresponding contracted sales amounted to approximately RMB4.10 billion, representing an increase of 318% compared with the same period last year. As at the end of August 2014, the cumulative contracted sales area amounted to approximately 1,189,000 sq. m., representing an increase of 21.7% over the same period last year, and the cumulative contracted sales amounted to approximately RMB12.49 billion, representing an increase of 32.6% over the same period last year. Meanwhile, as at the end of August 2014, the cumulative subscription sales awaiting signing of official sales contracts amounted to RMB1.7 billion.