Guangming Real Estate: The company's bond issuance of up to 1.1 billion yuan has been approved without objections.

Guangming Real Estate Announcement: The company has received a letter from the Shanghai Stock Exchange approving the non-public offering and listing transfer of corporate bonds by Guangming Real Estate Group Limited without objection. The company is permitted to privately issue corporate bonds with a total amount not exceeding 1.1 billion yuan to professional investors, underwritten by Guotai Junan Securities Co., Ltd. and CITIC Securities Co., Ltd. The bonds will be issued in stages within 12 months from the date of this letter, in accordance with the relevant documents submitted to the Shanghai Stock Exchange. This letter is valid for 12 months from the date of issuance.