YUEXIU PROPERTY (00123) will publicly issue corporate bonds (second series) with a face interest rate of 2.16% for professional investors in 2025.

Yuexiu Property (00123) Announcement: Guangzhou Urban Construction Development Co., Ltd. (hereinafter referred to as the "Issuer") has obtained the approval for registration of the issuance of corporate bonds with a total value not exceeding RMB 9.6 billion to professional investors from the China Securities Regulatory Commission (CSRC) ("CSRC Permit [2025] No. 1504"). In 2025, Guangzhou Urban Construction Development Co., Ltd. will publicly issue corporate bonds (Second Tranche) to professional investors with a total issuance size not exceeding RMB 1.5 billion (including RMB 1.5 billion). The bonds are divided into two types: Type 1 with a term of 3+2 years and Type 2 with a term of 5+2 years. On September 10, 2025, the Issuer and the lead underwriter conducted a coupon rate inquiry to professional investors through private placements. The coupon rate inquiry range for Type 1 bonds was 1.50%-2.50% and for Type 2 bonds was 1.70%-2.70%. Based on the book-building results, after thorough consultation and careful judgment between the Issuer and the lead underwriter, it was ultimately decided to cancel the issuance of Type 1 bonds and set the coupon rate for Type 2 bonds at 2.16%. The Issuer will conduct the private placement of the bonds to professional investors at the above coupon rate from September 11, 2025, to September 12, 2025.