Shenzhen Invest's contract sales in the first quarter were approximately 3.052 billion yuan.

SHENZHEN INVEST (00604) released its first quarter 2026 and recent major business progress: Commercial Operation Business The commercial project operation capabilities have been recognized by the market and institutions. Through outstanding commercial operation, forward-looking adjustment strategies, and significant urban empowerment value, Shenzhen Uptown has won the "City Regional Commercial Benchmark Award" and "Adjustment Pioneer Award - Silver Award" at the CSVB 2025, solidifying its benchmark status. Mandarin Oriental Hotel made its debut on the Travel + Leisure Global 500 list (only 7 Mandarin Oriental hotels globally selected), and also won the 2026 Dongtianhui "Best Business Hotel" award, three consecutive years of Forbes "Double Five-Star" awards, and its restaurant "East Bay" was awarded the Black Pearl One Diamond, further strengthening its high-end brand eco-system. Large-scale IP events driving foot traffic and sales growth. In the first quarter of 2026, Shenzhen Uptown used high-quality IP events and innovative scenes to effectively increase foot traffic and sales growth. The project successfully hosted two major events, the "Guangdong-Hong Kong-Macao Greater Bay Area Flower Exhibition" and the first match of the "Spartan Warriors China Series", and connected with the Penholder Mountain Sports Park and Lianhua Mountain Park, creating a one-stop route for "viewing flowers, strolling, and consuming". The flower exhibition, which lasted for 11 days, attracted over 2.117 million visitors, driving the total sales of the mall to reach 1.91 billion yuan, a year-on-year increase of 12%; park merchant sales increased by 80% year-on-year, retail formats sales grew by nearly 13%, and catering revenue also achieved a double-digit growth. In April, the Gree "Dong Mingzhu Health Home" opened its first store in Shenzhen at Shenzhen Taifeng International Home Furnishing Plaza, enriching the group's commercial ecosystem and brand matrix. During the May Day holiday, Shenzhen Uptown saw a cumulative increase of around 18% in foot traffic and approximately 10% growth in sales year-on-year, further consolidating its leading position as a core commercial district in the Guangdong-Hong Kong-Macao Greater Bay Area. Property Management Business Operational capabilities have won awards. In March 2026, Shenzhen Operations was invited to attend the 45th anniversary forum on property management reform and development, and was awarded the "Outstanding Enterprise of 2025" and "Industry Service Model" among other awards. In May 2026, it ranked 13th in the "2026 Top 100 Chinese Property Service Companies" list released by authoritative institutions, steadily improving its ranking. The company has also been rated as the "Leading Enterprise in China's Smart City Services" for the sixth consecutive year, and has won honors in multiple sub-sectors, with its comprehensive strength receiving recognition. Operational expansion achieving excellent results. In the first quarter of 2026, Shenzhen Operations net expanded contract area was approximately 6.458 million square meters, continuously consolidating its regional market advantage. In early May, the company successfully won the bid for the maintenance services project of the Huanggang Port New Joint Inspection Building by the Shenzhen Municipal People's Government Port Office, using its outstanding comprehensive strength and service quality to assist in the construction of a super port and comprehensive transport hub connecting the Guangdong-Hong Kong-Macao Greater Bay Area domestically and internationally. Real Estate Development Business Stable sales and remarkable performance during May Day holiday. The group expanded its sales channels, seized market opportunities, accelerated sales and disposal, and continued to see strong sales for its projects such as Nongke Dongcheng, Shenzhen Taifeng Plaza, Terriford, and Yiyuefu in Shenzhen, as well as projects in Zhongshan, Shanghai, and Chengdu performing well. In the first quarter of 2026, the group's unaudited contract sales amounted to approximately 3.052 billion yuan, with a contract sales area of about 127,403 square meters. During the May Day holiday, the group seized market momentum, with multiple projects working together, achieving a total sales amount of approximately 500 million yuan, an 18% year-on-year increase, demonstrating strong brand appeal and product competitiveness. Quality delivery of project construction. The group controls project milestones to ensure high-quality and timely completion. In the first quarter, the group's Terriford and Wanzhong New Town F25 project were successfully completed and recorded as scheduled. The group completed the phased completion and registration of 6 projects, with a total construction area of approximately 428,000 square meters, continuing to provide high-quality products to the market. SHENZHEN INVEST will continue to accelerate the construction of a new development model, actively promote the transformation of its business to urban asset management, comprehensive operation, and technology industry investment services, and fully support the high-quality development of the group.