Evergreen Group: plans to carry out the application and issuance work of commercial real estate REITs.

Evergreen announced that on March 5th, the company held a board meeting to review and approve the proposal to carry out the application and issuance of commercial real estate investment trusts (REITs), as well as related authorization matters. The company plans to use the Everbright Building held by its subsidiary Xuan Smart City as the underlying asset, and collaborate with China Merchants Fund and others to establish the "China Merchants Evergreen Closed-end Commercial Real Estate Securities Investment Fund". The company or its subsidiary intends to subscribe for no less than 20% of the REITs shares. The matter is subject to approval by the shareholders' meeting, and there is uncertainty regarding the final implementation, progress, and results of the issuance.