Executive News March 31，According to OCT (Asia) announcement，During the reporting period，The group’s operating income is approximately RMB 13.0.7 billion yuan，A decrease of approximately 188bet online sports betting 36 compared to the same period in 2019.9%。In addition，The company’s profit attributable to equity holders is approximately RMB 0.6.4 billion yuan，A decrease of approximately 76 compared with the same period in 2019.1% ，Mainly due to the decline in profits from equity investment and fund business。

According to the announcement，on December 31, 2020，The total assets of the group are approximately RMB 254.2.2 billion yuan，Down approximately 3 from December 31, 2019.9%；The total equity of the group is approximately RMB 132.2.5 billion yuan，Up approximately 2 from December 31, 2019.4% 。For the year ended December 31, 2020，The group achieved revenue of RMB 13.0.7 billion yuan，A decrease of approximately 188bet online sports betting 36 compared to the same period in 2019.9%，Mainly due to the decrease in revenue from the Chengdu Overseas Chinese Town project 。Among them，Comprehensive development business income RMB 12.7.9 billion yuan，A decrease of approximately 37% compared to the same period in 2019.6% ；Income from financial leasing business RMB 2,2.5 million yuan，An increase of approximately 5 compared with the same period in 2019.4% ，Mainly due to the increase in business during the current period。

As of December 31, 2020，The group’s gross profit margin is approximately 24.2%，Decreased by 12 compared to the same period in 2019.8 percentage points。Among them，The gross profit margin of the comprehensive development business is approximately 22.8% ，Decreased by 13 compared with the same period in 2019.5 percentage points，The main reason is that the group will actively reduce inventory accumulation in 2020，Accelerate the exit of late-stage projects with low gross profit margin，Revitalizing existing funds；The gross profit margin of the financial leasing business is approximately 57.6% ，Meet the same period last year。The marginal net profit rate of the comprehensive development business attributable to the company’s equity holders is approximately 28.1% ，Up 30 from 2019.9 percentage points，Mainly due to the profit realized from the sale of the Chengdu Overseas Chinese Town project and the Xi'an Overseas Chinese Town real estate project in 188bet app the current period；The marginal net interest rate attributable to the financial leasing business is approximately 32.1% ，Up 20 from 2019.4 percentage points，Mainly due to the decrease in management expenses incurred during the expansion of financial leasing business in 2019。

Announcement，As of December 31, 2020，Profit attributable to equity holders of the company is approximately RMB 0.6.4 billion yuan，A decrease of approximately 76 compared to the same period in 2019.1% 。Among them，Profit attributable to comprehensive development business is approximately RMB 3.6 billion yuan，In the same period of 2019, the loss was approximately RMB 5,7.24 million yuan，The main reason is that the profit realized from the sale of the Chengdu OCT project and the Xi'an OCT real estate project was recognized in the current period。At the same time，Basic loss per share attributable to the company’s shareholders is approximately RMB 0.29 yuan，Basic earnings per share for the same period in 2019 was approximately RMB 0.04 yuan；Annual loss is about RMB 0.2.4 billion yuan，In the same period of 2019, the annual profit was approximately RMB 2.5 billion yuan，Mainly due to losses incurred from investments in associated companies。

As understood，In comprehensive development business，In 2021, the group will accelerate the development process of high-quality and characteristic comprehensive development projects，Continue to promote the elimination and exit 188bet app of existing properties，Accelerate asset turnover，Refined cost management and control，Improve capital utilization efficiency。At the same time，Actively acquire low-cost land，Reserve the Yangtze River Delta、Comprehensive development projects in core urban areas such as the Guangdong-Hong Kong-Macao Greater Bay Area。

Announcement also said，After reporting period，The Group further sold the listed securities of Tongcheng Yilong。As of the date of this announcement，The group holds 46,925,080 shares of Tongcheng Yilong shares，Approximately 2% of the issued share capital of Tongcheng Yilong as of February 28, 2021.14% 。At the same time，Xiamen Qiaorun Investment Partnership will be established later in the period，on February 23, 2021，Shenzhen Huayou and Shenzhen OCT Gangya (both indirect wholly-owned subsidiaries of the Company) and Pershing Capital Management (Shenzhen) Co., Ltd.、Shanghai Xuxiang Trading Co., Ltd. and Xiamen Zhongmao Yitong Trading Co., Ltd. entered into a limited partnership agreement regarding the establishment of a partnership for the purpose of investment，The total capital contribution subscribed by all partners to the partnership is approximately RMB 800 million。