Shimao Group: By 2025, the total accumulated contract sales are expected to be approximately RMB 23.953 billion.

Shimao Group Announcement: As of December 31, 2025, the total accumulated contract sales of the Group was approximately 23.953 billion RMB, and the total accumulated contract sales area of the Group was 1,964,629 square meters. The average selling price for the full year ending December 31, 2025 was 12,192 RMB per square meter. The Group's contract sales in December 2025 were approximately 1.521 billion RMB, with a contract sales area of 120,231 square meters. The average selling price in December 2025 was 12,649 RMB per square meter.