ASCOTT CHINA RECEIVED FOUR AWARDS

Leading Serviced Residence Brand Won Golden-Pillow Award, Green Model Award, Innovation Model Award and Most Popular Brand amongst Business Elites

(Shanghai, 26 June 2012 ) For the third year, Ascott China was awarded China's Most Popular Serviced Residence Hotel Brand at the 9th Golden-Pillow Award of China’s Hotels on the 19th of June 2012. Mr. Kevin Goh, Regional General Manager of East & South China, attended the ceremony and accepted the award on behalf of Ascott China. Later the same month, during the 2012 China Economy Summit held in Beijing on the 25th of June, Ascott China was named 2012’s Green Model, 2012’s Innovation Model and 2012’s Most Popular Brand amongst Business Elites.

The 9th Golden-Pillow Award of China’s Hotels was jointly organised by China’s top financial media 21st Century Business Herald and China’s first “Business + Travel” magazine. Evaluation for the 9th Golden-Pillow Award lasted nearly four months, during which scores of feedback from professional judges (including business experts, the media, artistic judging panels and hotel investors) as well as millions of netizens’ votes were considered.

For the awards given out by the 2012 China Economy Summit committee, media from different countries were invited to evaluate the nominated corporations’ contributions based on their business model and operation innovation, environment protection, and  brand reputation. Corporations from various industries were awarded for their excellent performance in the past year.

The four awards further consolidate Ascott’s leading status as the largest serviced residence owner-operator in the industry. The company boasts a 28-year industry track record and its award-winning serviced residence brands enjoy worldwide recognition. Today, Ascott operates/manages approximately 8,000 units in 41 properties across 17 cities, including Beijing, Chengdu, Chongqing, Dalian, Foshan, Guangzhou, Hangzhou, Shanghai, Shenyang, Shenzhen, Suzhou, Tianjin, Wuhan, Xiamen, Xi’an, Hong Kong and Macau, and is the preferred accommodation choice of those away from home for a longer-duration.

Two more serviced residences, Ascott Guangzhou IFC and Citadines Jinshang Road Xiamen, will open in the second half year of 2012 —. Ascott China is on track to achieve 12,000 serviced apartment units by 2015.