BEIJING, April 30, 2012 /PRNewswire via COMTEX/ — IFM Investments Limited (“Century 21 China Real Estate” or the “Company”), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China, today announced that, following amicable negotiations, the Company and the Company’s founders have signed an agreement with GL Asia Mauritius II Cayman Ltd. (“GLA”) to settle certain legal proceedings, including the petition to request an order to wind up the Company and other remedies filed by GLA on December 30, 2011, in the Grand Court of the Cayman Islands.

Under the terms of this agreement, GLA has agreed to withdraw all outstanding proceedings against the Company upon the consummation of the transactions contemplated under the agreement. In addition, this agreement does not change the respective shareholding in the Company of the Company’s founders and GLA. As of April 18, 2012, the latest practicable date, the Company’s founders are the largest beneficial owners of the Company with approximately 40.5% of the Company’s shares.

Mr. Donald Zhang, chairman and chief executive officer of Century 21 China Real Estate, commented, “We are pleased to reach an amicable agreement with GLA on this issue. The resolution ensures that our management team’s time and energy is fully devoted to achieving our long term operational and business goals.”

IFM Investments Limited (“Century 21 China Real Estate” or “CTC”) is a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China. CTC primarily focuses on China’s fast-growing and highly fragmented secondary real estate market, providing company-owned brokerage services, franchise services, mortgage management services, primary services, commercial services and fund management services. CTC has experienced substantial growth since it commenced operations in 2000, and received numerous awards and recognition as franchisor and real estate services provider for its service quality and business achievements. Century 21 China Real Estate became a public company in January 2010 and its ADSs currently trade on the New York Stock Exchange under the symbol “CTC.”