Guangzhou Tianli Properties Developm ent, co-founded by
Mr. Li Sze Lim and Mr. Zhangli, successfully set its foot in
real estate industry.

Development of R&F New Residential Project commenced.

Company’s direction firmly established.China’s foreign exchange reserve exceeded USD 100 billion.

Development of R&F Square commenced.The Handover of
Hong Kong Special Administration Region.

R&F Properties’ business started to take off. Reforms of China’s economy system forged ahead.

E-business began to emerge in China.

公司总部迁至广州较场东路富力地产大厦。中国西部大开发战略
全面实施。

The Company moved its headquarters to R&F Properties Building, Jiao Chang Dong Road, Guangzhou. Implementation of Western China’s Economic Development Strategy commenced.