Logan Group Records Contract Sales of RMB13.06 billion in September, Significant Increase of 46.4% Y-o-Y

(China / Hong Kong, October 12, 2020) Logan Group (3380.HK) has announced the Company’s sales performance in September 2020. The Company achieved contract sales attributable to shareholders of approximately RMB13.06 billion in September, a significant increase of 46.4% year-on-year (Y-o-Y), which helped it continue to maintain strong growth.

As of September 30, Logan Group had realized a total of approximately RMB83.51 billion in contract sales attributable to shareholder during the year, an increase of 23.8% Y-o-Y. Based on the Company’s calculations, Logan Group has reached 76% of the annual RMB110 billion contract sales target in the first three quarters, and the sales performance growth rate and sales completion rate rank among the top in the industry.

At present, Logan Group has abundant saleable resources and good sales momentum. Coupled with accelerated sales launch in the fourth quarter and the release of market backlog demand, the Company is confident that it will successfully achieve the annual sales target.