Aoyuan Health Life’s revenue grew rapidly in 1H20. It recorded approximately RMB 547 million, an increase of 39.5% from approximately RMB 392 million in the same period last year, of which approximately 75.4% came from revenue from the property management service segment, an increase of 43.4% YoY, and another 24.6% of revenue came from the business management services segment, an increase of 28.8% YoY. The company’s current total construction area under management is approximately 16.1 million square meters, an increase of approximately 1 million square meters from the end of last year. In addition to the two acquisitions in the first half of the year, EASY LIFE SMART COMMUNITY SERVICES GROUP CO. (樂生活) and Ningbo Hongjian, the GFA under management is expected to reach 45 million square meters. The data for the 1H shows the company’s revenue before consolidation which new acquisitions are not included. Revenue growth reflects the continued good rate of company’s organic growth.