For the exploration of new projects, Evergrande employs strict and uniform selection criteria in the whole process. As for the location, we mostly select the large-scaled cities of which the economy grows rapidly in recent years and the population exceeds five million; As for the scale, we mostly design the construction area between 500,000 and 2,000,000 square meters. The standardization of the exploration of projects ensures that the new projects conform to the development strategy of the group, guarantees the success in the development of projects in the future, and reduces the decision risks to the largest extent.