FOSUN INTL (00656) plans to split and independently list the Sanya Atlantis project on the Shanghai Stock Exchange through the China Commercial Real Estate Securities Investment Fund.

FOSUN INTL (00656) announced that on March 26, 2026, the Group has submitted application materials related to the registration and listing of funds to the China Securities Regulatory Commission and the Shanghai Stock Exchange. The company plans to use the "Sanya Atlantis Project" located on the national coast of Haitang Bay in Sanya, Hainan Province, China (held by the Group through Fosun Tourism Group as of the date of this announcement) as the underlying asset of the fund, in order to implement the planned spin-off through the REITs structure of commercial real estate in China. After careful consideration of the planned spin-off and taking into account the legal advice of Chinese lawyers on the legal obstacles faced in fulfilling the "guarantee quota" requirement under PN15 paragraph 3(f), the Board of Directors believes that the planned spin-off and exemption are fair and reasonable, and are in the overall interests of the company and its shareholders.