YUEXIU PROPERTY(00123) successfully won the bidding for the Dashi Street plot in Panyu District, Guangzhou for a subsidiary for 1.194 billion yuan.

Yuexiu Property (00123) announced that on October 28, 2025, through its subsidiary Guangzhou Xinyue Real Estate Development Co., Ltd. (a subsidiary company in which it holds 95.475% equity interest), it successfully won the bid for the land parcel BA0602091 on the north side of South Dagan Line in Dashijie, Panyu District, Guangzhou, through public listing, with a bid amount of 1.194 billion yuan. The land parcel in Dashijie, Panyu District, Guangzhou covers an area of approximately 29777 square meters, with a total construction area of about 114771 square meters, of which the plot ratio construction area is about 77419 square meters. The land parcel in Dashijie, Panyu District, Guangzhou, is planned for residential use. The residential properties to be built on the land parcel in Dashijie, Panyu District, Guangzhou, are intended for sale. According to the planning restrictions, the land parcel in Dashijie, Panyu District, Guangzhou, must have a minimum of 6459.6 square meters for road construction and 2591.81 square meters for green space construction, which will be transferred to the designated department of the Guangzhou Municipal Government free of charge upon completion. The land parcel in Dashijie, Panyu District, Guangzhou, is located in Dashijie, west of Xinguang Expressway, on the north side of South Dagan Line, in the South Dagan Line economic belt, with a high population density and a vibrant living atmosphere. In terms of surrounding amenities, the land parcel is about 700 meters away from Dashijie Station and Dashidong Station on Metro Line 3 and Guangzhou Donghuan Intercity Railway, providing quick access to Zhujiang New Town, Pazhou, and Guangzhou South Station via metro. The land parcel is adjacent to the south of South Dagan Line, approximately a 30-minute drive to Guangzhou International Finance Center and a 25-minute drive to Pazhou West. Nearby schools include Dashijie High School, and within a 3-kilometer radius is the Second People's Hospital of Panyu District, Guangzhou. The Board of Directors believes that the acquisition of the land parcel in Dashijie, Panyu District, Guangzhou, at a reasonable cost will increase the company's high-quality land reserve and further consolidate its strategic position in Guangzhou.