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Appraised by the Chinese Academy of International Trade & Economic Cooperation of Ministry of Commerce of PRC, and through public showing procedures, China Overseas Property Group Co. Ltd. ( “China Overseas Property” ) was recently awarded the Grade of AAA① in Enterprise Credit. Grade AAA represents the enterprise has outstanding performance on three basic areas including the creditor’ s right management, debt and contract performance, and public record; while Grade ① represents that the enterprise’ s financial status and general financing ability have reached the first grade level. China Overseas Property has obtained the same certification of rating for consecutive years since 2004.