Shenzhen Real Estate Company A: The Shenzhen Stock Exchange has agreed that the total amount of non-publicly issued corporate bonds shall not exceed 1.2 billion yuan.

Shenzhen Property A announces that it has recently received a letter from the Shenzhen Stock Exchange, confirming that the non-public issuance of corporate bonds by Shenzhen Property Development Co., Ltd. to professional investors totaling no more than 1.2 billion RMB meets the conditions for listing and trading on the exchange. The exchange has no objections to the listing and trading of the bonds on their platform. The letter is valid for 12 months from the date of issuance, during which the company can issue the bonds in installments within the approved amount and complete the necessary procedures for listing and trading the bonds on the exchange.