Yuexiu Real Estate: Obtaining a 1 billion yuan one-year revolving loan financing from a bank.

On July 11th, Yuexiu Real Estate announced that the company has entered into a financing agreement with a bank. According to this agreement, the lender will provide a revolving loan of 1 billion RMB under the terms and conditions of the financing agreement, with a loan term of 364 days from the date of the agreement. The financing agreement stipulates that if Yuexiu Enterprise Limited, the controlling shareholder of Yuexiu Real Estate, holds less than 30% of the voting shares issued by the company directly or indirectly, or if Yuexiu Enterprise is no longer in the position of the single largest beneficial shareholder of Yuexiu Real Estate, or if Yuexiu Enterprise no longer exercises effective management control over Yuexiu Real Estate, it will constitute an event of default. In case of such default event, the lender may declare that all debts under the financing will immediately become due and payable. As of the date of this announcement, Yuexiu Enterprise actually owns approximately 44% of the issued shares of Yuexiu Real Estate.