SHENZHEN INT'L (00152) sign the contract for the first phase of the land transfer of the second phase of the South China Logistics Park. The land transfer price is approximately 287 million yuan.

Shenzhen International (00152) issued an announcement regarding (including) (1) the Group's land preparation project for the first phase of the approximately 530,000 square meters South China Logistics Park (South China Transformation Project), which has signed a land preparation agreement with the Longhua Urban Renewal and Land Preparation Bureau of Shenzhen Longhua District, Longhua Minzhi Sub-district Office, and the Longhua Bureau of the Municipal Planning and Natural Resources Bureau. All parties agree to implement the project through a comprehensive arrangement of retaining land and monetary compensation. As the original land user, the Group can retain approximately 108,749 square meters of land in the South China Logistics Park; (2) the relevant arrangements for the first phase of retained land (i.e. parcel 02-20-04) were approved by the Longhua District Government by the end of 2024, and in July 2025, the South China Logistics Company signed a land transfer contract with the Longhua Bureau of the Municipal Planning and Natural Resources Bureau for the sale of this parcel (first phase); and (3) the relevant arrangements for the first phase of the second-stage retained land (i.e. parcel 02-20-02) were approved by the Longhua District Government in December 2025. In December 2025, the Longhua Bureau of the Municipal Planning and Natural Resources Bureau announced that the second-stage retained land for the South China Transformation Project (first phase) (i.e. parcel 02-20-02) had been approved by the Longhua District Government and land supply-related work would commence. The Group has confirmed the land preparation income for this parcel for the year 2025. Recently, the Group signed a land use rights transfer contract for this parcel with the Longhua Bureau of the Municipal Planning and Natural Resources Bureau ("Land Use Rights Transfer Contract (Second Phase First Stage)"). The area of this parcel is approximately 25,008 square meters, with a stipulated building area of 145,940 square meters, and the transfer price for the land use rights is approximately RMB 287 million.