YUEXIU PROPERTY (00123) has acquired a parcel of land in Tianhe District, Guangzhou, through its subsidiary for approximately 2.481 billion yuan.

YUEXIU PROPERTY (00123) announced that on September 4, 2026, the company, through its subsidiary Guangzhou Tianying Real Estate Development Co., Ltd. (in which it holds a 95.475% interest), successfully acquired the AT1003083 and AT1003084 plots to the east of Daguan Road in Tianhe District, Guangzhou, through a public listing for approximately RMB 2.481 billion. The plots in Tianhe District of Guangzhou cover an area of approximately 82,000 square meters, with a total construction area of about 110,000 square meters, of which the gross floor area is approximately 67,800 square meters. The plots are intended for residential use, and the residential properties to be built will be for sale. According to planning restrictions, public facilities of approximately 1,570 square meters need to be constructed within the plots, along with surrounding urban roads of about 29,151 square meters and green space of about 20,604 square meters. Upon completion, ownership will be transferred to the local governments designated department free of charge. The plots are located in the Olympic Sports area of Tianhe District, to the east of Daguan Road and north of Daguan Park Road, approximately 14 kilometers from Zhujiang New Town. This Olympic Sports area is adjacent to the three major central business districts of Zhujiang New Town, Guangzhou International Financial City, and Pazhou, positioned as a high-end residential improvement area. The plots have the advantage of low density, with the southeast side linked to the company's developed project, which can connect to the internal road network and integrate mountain and lake scenic resources to achieve contiguous overall development. The plots are about a 500-meter walk from the subway station, with surrounding amenities such as schools, shopping malls, and hospitals. Overall, the transportation is convenient and the facilities are complete. The Board of Directors believes that the company's acquisition of the plots in Tianhe District of Guangzhou at a reasonable cost will enhance the companys high-quality land reserves and further strengthen its strategic position in Guangzhou.