BRIEF-Poly Development's Contract Sales Down 39.9% Y/Y In February

March 8 (Reuters) - Poly Development And Holdings Group Co Ltd:

* SAYS CONTRACT SALES DOWN 39.9% Y/Y AT 20.1 BILLION YUAN ($2.90 billion) IN FEBRUARY

* SAYS IT HAS WON FIVE PROPERTY PROJECTS TOTALLING 8.5 BILLION YUAN Source text in Chinese: https://bit.ly/2VYkuOf ; https://bit.ly/38yo58c Further company coverage: ($1 = 6.9298 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)