YUEXIU PROPERTY (00123) successfully won the bid for a plot in Tianfu New Area, Chengdu, through Chengdu Junrui for RMB659 million.

YUEXIU PROPERTY (00123) announced that on October 29, 2026, through Chengdu Junrui Real Estate Development Co., Ltd. (a subsidiary in which the company actually holds 95.475% equity interest; "Chengdu Junrui"), it successfully won the bid for the plot numbered TF(070102):2026-015 in Tianfu New Area, Chengdu (the "Chengdu Tianfu New Area Plot") through public listing at a consideration of RMB659 million. The Chengdu Tianfu New Area Plot covers a site area of approximately 25,256 square meters, with a total buildable area of approximately 72,801 square meters, of which the floor area ratio-compliant buildable area is approximately 50,512 square meters. The Chengdu Tianfu New Area Plot is intended for residential use. The residential properties to be built on the Chengdu Tianfu New Area Plot are intended for sale. The Chengdu Tianfu New Area Plot is located in the Qinhuang Temple sub-district, the core area of Tianfu New Area, where development planning is relatively mature and the residential atmosphere is strong. The plot is bounded by Yazhou Road to the east and Fuzhou Road to the north, approximately 500 meters' walk from Qinhuang Temple Station of the metro, and is surrounded by supporting facilities such as schools, parks and shopping malls. The Board believes that the company's acquisition of the Chengdu Tianfu New Area Plot at a reasonable cost will increase the company's high-quality land reserve and further consolidate the company's strategic position in Chengdu.