Beijing Hualian: Plans to invest 500 million RMB overseas and participate in the application of commercial real estate REITs.

Beijing Hualian announced that the 18th meeting of the ninth board of directors approved the external investment proposal, agreed to establish Yuan Chuanglian with Shounong Information and Sanyuan Jiaye. The company will act as a limited partner and subscribe for capital of 500 million yuan. Yuan Chuanglian will acquire 50% of Longde Zhihe held by the company's subsidiary, and will participate in the commercial real estate REITs application and issuance with another shareholder as the original equity person, using Longde Zhihe's commercial real estate project as the underlying asset. This matter still needs to be submitted to the shareholder meeting for approval.