Regarding the provision of 1 billion RMB in revolving loans to related parties, Country Garden Services responds.

Country Garden Service announced that on May 6th, the company signed a loan agreement with Must Win and Fortune Warrior, agreeing to provide a total of 1 billion yuan in revolving loans to the borrowers. In response to this, Country Garden Service stated to reporters that the company's board of directors, considering the common interests of all shareholders, decided to provide the loan to the major shareholder using the company's shares as collateral. The funds obtained will be lent to Country Garden Group, helping the major shareholder fulfill the commitment to deliver completed buildings and assist Country Garden Group in speeding up the delivery progress. According to the loan agreement, the annual interest rate is 5%, higher than bank interest income. The principal and interest repayment will be made by the major shareholder or through company dividend payments, ensuring repayment certainty. According to the loan agreement, in extreme cases, the company will repurchase and cancel the major shareholder's pledged shares at a price significantly lower than the net asset value, safeguarding the interests of all shareholders.