Shoucheng (00697) invests in Guotai Haitong Sand Boat Commercial REIT and China Securities Co., Ltd. Shounong Commercial REIT.

SHOUCHENG (00697) announced that recently, its affiliated cornerstone company (a wholly-owned subsidiary) has participated in the investment of Guotai Haitong Sand Ship Closed-end Commercial Real Estate Securities Investment Fund (Guotai Haitong Sand Ship Commercial REIT) and China Securities Co., Ltd. Shounong Food Group Closed-end Commercial Real Estate Securities Investment Fund (China Securities Co., Ltd. Shounong Commercial REIT). These two investments will further promote the upgrade of residents' consumption, drive the fusion of finance and the real economy, and release development momentum, playing a positive role in deepening the integration of production and finance and promoting high-quality economic development. Sand Ship Group is an international large-scale chain outlet operator, pioneering the concept of "artistic commerce, super outlet," and becoming a leading brand in Asia driving the global outlet industry development with its forward-looking innovative ability. Guotai Haitong Sand Ship Commercial REIT is based on the Sand Ship (Xi'an) Outlets project in Xi'an, one of the largest and most modern outlet complexes in northwest China. The successful listing of Guotai Haitong Sand Ship Commercial REIT is an important practice to expand domestic demand and promote REIT development, contributing to the sustained economic recovery. Beijing Shounong Food Group Co., Ltd. is a large state-owned agricultural food enterprise under the Beijing municipal government, with businesses spanning agriculture, animal husbandry, fisheries, food processing, trade logistics, real estate, and asset management, ranking among the top in the Chinese agricultural food industry in terms of comprehensive strength. China Securities Co., Ltd. Shounong Commercial REIT is based on the Longde Square project in Changping District, Beijing, with excellent asset quality and sustainable operational capability. The successful listing of China Securities Co., Ltd. Shounong Commercial REIT marks a solid step towards effectively revitalizing existing assets and attracting social capital to further drive the upgrade of residents' consumption, ignite consumption momentum, and promote high-quality economic development. The group will continue to firmly increase its investment layout in the field of intelligent infrastructure assets in China, relying on the synergies of the entire industry chain and the first-mover advantage in the REITs field to promote deep integration between finance and the real economy. It will continue to deepen cooperation with leading commercial operators and industry players, accelerate the transformation into a provider of intelligent infrastructure assets, and create long-term value and sustainable returns for its shareholders.