Press Release
For Immediate Release

 
Road King Announces 2017 First Quarter Operating Results
 
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Property Sales Significantly Surge with Year-on-Year Growth of 118%
 
Unaudited results for three months ended 31 March

(RMB million)	2017	2016	Change
Property sales	8,992	4,131	+118%
- Contracted sales	7,524	3,630	+107%
- Subscribed sales	1,468	501	+193%

 
(12 April 2017 - Hong Kong) Road King Infrastructure Limited ("Road King" or the "Company", together with its subsidiaries, the "Group", 1098.HK), today announced its unaudited operating statistics for the three months ended 31 March 2017 ("the Review Period").
 
During the Review Period, benefitted from the constant rigid demand in China's property market and the overwhelming response received for the projects of the Group, the property sales of the Group amounted to approximately RMB8,992 million comprising contracted sales of RMB7,524 million, representing a significant increase of approximately 107% compared with the same period last year, while subscribed sales was approximately RMB1,468 million.
 
Road King commented, "With our excellent operating strategy, the Group's business has been growing steadily. In addition, we are very encouraged by the fact that the property sales of the Group in the first quarter of 2017 has been driven up by the outstanding sales results of our recent Shanghai project. The Group is optimistic about the outlook of China's property market, and will continue to develop our business pragmatically with the positive momentum. To maintain the Group's remarkable performance and growth, we are set to proactively seek various development opportunities, aiming to create higher value for the Group and our shareholders."
 
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About Road King (HKSE stock code: 1098)
 
Based in Hong Kong, Road King Infrastructure Limited ("Road King" or the "Company") is a prominent property developer in the Hong Kong and PRC focusing on developing quality residential apartments at affordable prices. The existing asset portfolio of property business is primary located in the Yangtze River Delta and Bohai Rim regions, comprising a land reserve of approximately 7 million sq.m. Road King is also a leading toll road investor and operator in the PRC with over 20 years of experience in the industry. The current toll road portfolio comprises five expressways spanning 340 km in the PRC.
 
For more information on Road King, please visit: http://www.roadking.com.hk.