Poly Property Group: Wholly-owned subsidiary approved to issue 7 billion yuan of medium-term notes.

Poly Real Estate Group Limited announced that its wholly-owned subsidiary Shanghai Poly Real Estate has obtained approval from the National Association of Financial Market Institutional Investors to issue medium-term notes. The announcement shows that Shanghai Poly Real Estate, a wholly-owned subsidiary of Poly Real Estate, has received a "Notice of Acceptance of Registration" from the association, approving its issuance of medium-term notes with a registered amount of 7 billion RMB. The registration is valid for 2 years from the date of the notice, during which Shanghai Poly Real Estate can issue medium-term notes in stages. According to disclosure requirements, after each issuance, Shanghai Poly Real Estate must disclose the results through channels approved by the association.