GreenView CHINAPROPERTIES (00095) Shenzhen Baishi Zhou urban renewal project Phase One has been completed and passed the final inspection.

Green View CHINAPROPERTIES (00095) announced that the main building works of Phase I (Green View Baishi Zhou Jingting) of the key urban renewal project (Baishi Zhou Urban Renewal Project) located in Shahe Street, Nanshan District, Shenzhen, China have been completed and relevant government inspection procedures have been completed. According to the documents issued by the relevant government authorities in Shenzhen, Green View Baishi Zhou Jingting has obtained the following: Shenzhen Municipal Construction Project Completion Joint Inspection Opinion; Shenzhen Municipal Construction Project Planning Acceptance Certificate; and Nanshan District Housing and Construction Bureau of Shenzhen Special Construction Project Fire Inspection Opinion. The above-mentioned documents confirm that Green View Baishi Zhou Jingting has been constructed in accordance with approved drawings and applicable regulations, and has passed the relevant completion inspection organized by the relevant competent government departments. The Baishi Zhou Urban Renewal Project is a key urban renewal project of the Group. The Board of Directors believes that the completion of the project and obtaining the required regulatory inspections marks an important milestone, laying a solid foundation for subsequent steps, including sales, delivery, and operation of the Baishi Zhou Urban Renewal Project. The Group has officially started the delivery process for residential units in Green View Baishi Zhou Jingting. The Board of Directors is confident that the Baishi Zhou Urban Renewal Project will further enhance the Group's property portfolio in the Greater Bay Area and South China market, and have a positive impact on the Group's future business development and financial performance. The Board of Directors further believes that the completion of the Baishi Zhou Urban Renewal Project will also assist the Company in ongoing discussions with relevant stakeholders regarding the overall debt restructuring that the Group plans to undertake, significantly increasing the chances of successfully negotiating and implementing the overall restructuring plan. With regards to the matters related to the Company's failure to pay the total principal amount of approximately US$458.5 million due on March 24, the Company has actively taken strategic measures to address its liquidity challenges, including selling investment properties. In particular, the Company has been actively progressing the sale of the NEO Tower property located at 123 Haiphong Road, Kowloon, Hong Kong, as an important part of the Group's efforts to alleviate financial pressure. The property is currently mortgaged under a mortgage agreement dated July 29, 2024, with the mortgage party being Olinda Limited, an indirect wholly-owned subsidiary of the Company, and the mortgage agent being BANK OF CHINA (Hong Kong) Limited. The Company is ongoing in discussions with the mortgage agent and the syndicate of loan providers regarding the loan financing provided to several borrowers, including Olinda, with the aim of establishing an appropriate framework for managing and potentially realizing the value of the property. In order to facilitate the proposed sale of the property and to maximize the property's value for the benefit of the loan providers and the Company, the mortgage agent appointed Mr. Zhuang Rijie and Mr. Su Wenjun from the law firm Luohe & Xiang Yongdao on February 2, 2026, as joint and individual receivers and managers for several assets, including the property. The Board of Directors believes that this appointment is an important step toward reducing the Company's liabilities and improving its capital structure, and is expected to accelerate the process of overseas debt restructuring. The Board of Directors believes that this appointment will not have any adverse financial impact on the Company or the Group. This appointment will enable the property to be managed by a professional team, optimize daily operations, control expenses reasonably, and maximize and efficiently realize the value of the assets to safeguard the interests of the lenders, all creditors, and investors. Additionally, the Board of Directors emphasizes that this appointment is not expected to disrupt the ongoing communication between the Group and its creditors and stakeholders regarding overseas restructuring matters.