YUEXIU PROPERTY (00123) proposes to issue 1.6 billion yuan of 3.40% guaranteed green notes due in 2029.

YUEXIU PROPERTY (00123) announced that on May 20, 2026, the issuer (as the issuer), the company (as the guarantor), and the joint lead underwriters (as the joint lead underwriters) entered into a subscription agreement. According to this agreement, the joint lead underwriters have individually and not jointly agreed to subscribe and pay, or to induce subscribers to subscribe and pay for green bonds, and the issuer has agreed to issue green bonds to the joint lead underwriters or as directed by the joint lead underwriters on the issuance date. The green bonds will be issued for sale only to professional investors (as defined in Chapter 37 of the Listing Rules) through a bond issuance. The issuer and the company will apply to the Stock Exchange for approval to list the green bonds by issuing them only to professional investors. The total amount of proceeds from the proposed issuance of green bonds (excluding underwriting fees that will be paid to the joint lead underwriters and other expenses incurred or to be incurred in connection with the proposed issuance of green bonds) will be RMB 1.6 billion. The net proceeds from the sale of green bonds are intended to be used to replace several medium to long-term foreign debts of the issuer, the company, and their subsidiaries that will mature within one year, in accordance with the Enterprise Borrowing Foreign Debt Registration Certificate dated March 23, 2026 (NDRC Foreign Debt [2026] No. 91). An equivalent amount to the net proceeds from the sale of green bonds will be specifically allocated by the company's sustainable financing framework for financing and/or refinancing eligible green projects.