HONG KONG SAR - Media OutReach- 3 November 2020 - Aoyuan Healthy Life Group Company Limited ("Aoyuan Healthy" or the "Group";SEHK stock code: 3662), a reputable provider of property management service andcommercial property operation service in the People's Republic of China ("PRC"), is pleasedto announce that the Group has received the"Best New Entry" award of the "General" category from The Hong Kong Management Association (HKMA)in the 2020 "Best Annual Reports Awards".

Anthony Cheng, Group Vice President and ChiefFinancial Officer of Aoyuan Healthy Life Group Company Limited (middle),receives "Best New Entry" Award in 2020 HKMA "Best Annual Reports Awards" 

The Best Annual Reports Awards is organizedby HKMA. The purpose of the Awards is to encourage organizations to publish timely,accurate, informative and well-presented annual reports for shareholders,employees and other stakeholders and to recognize and honour the organizationsfor their excellence in producing such reports. The criteria for selecting thewinner of the "Best New Entry" award include compliance with accountingstandards and the disclosure requirements stipulated in the rules andregulations of the Hong Kong Stock Exchange and the Hong Kong CompaniesOrdinance, richness in detail of the provided information about the environmental,social and governance practices, the general design of the annual report, readability,clarity and conciseness, the quality of the presentation of the summary of thefinancial results and insights, management discussion and analysis, prospectand sustainability performance and the timeliness of the publication of the annualreport.

The management of Aoyuan Healthy said thatthe Group was honoured to have carried off the "Best New Entry" award, whichrepresented various professionalservices' recognition of the Group's excellence inproducing its annual report. As a newly listed company on the Hong Kong Stock Exchange, the Group is committed to providing allshareholders and investors with timely and accurate information about itsperformance and development. It also works diligently to improve its corporatetransparency and investor communication. Looking ahead, the Group will forgeahead with the development of its three core businesses of property management,commercial operation and general health and wellness service with the aim of providingcustomers with high-quality, comprehensive healthy lifestyle services. Itaspires to become a leading healthy lifestyle service group in the PRC.

Drawing on its own rich experience inproperty management and its long-term and stable cooperative relationship with itsparent company, China Aoyuan Group Limited ("China Aoyuan" or the "parentcompany"; SEHK stock code: 3883), the Group achieved exponential growth in itsbusiness in the past few years. The Group recorded strong growth in financialresults for the first half of 2020, with its total revenue surging by 39.5%year on year to RMB546.9 million. In addition, the Group has also shown greatimprovements in terms of other various performance indicators. This has consolidatedthe Group's position as a leading provider of property management and commercialoperation services in the PRC. The Group will build on its past achievements byexpanding its business of general health and wellness service with its focus onmedical beauty service and community healthcare. The move is part of theGroup's drive for business diversification.

About Aoyuan Healthy Life Group Company Limited

Aoyuan HealthyLife Group Company Limited is a reputable property management service andcommercial property operation service provider in the PRC offering diverseproperty management services for residential and non-residential properties anda full range of commercial property operation services for shopping malls, witha focus on mid-range and high-end properties and mixed-use properties. TheGroup provides healthcare services in the properties under management, strivesto develop a featured TCM and medical beauty community, and is also activelyexpanding its value-added services to enhance customer satisfaction.