CHI MER LAND (00978): Foshan Baohua enters into a land resumption agreement with the Land Reserve Center and Guicheng Subdistrict Office, receiving compensation of approximately RMB 569 million.

CHI MER LAND (00978) announced that on September 16, 2026, the Company received the executed copy of a state-owned land use right resumption agreement (the Land Resumption Agreement) dated September 15, 2026, entered into by Foshan Baohua, its indirect non-wholly-owned subsidiary, with the Land Reserve Center of Nanhai District, Foshan City (the Land Reserve Center) and the Guicheng Subdistrict Office of Nanhai District, Foshan City (the Guicheng Subdistrict Office) in respect of the resumption of a plot of land. The plot is held by Foshan Baohua, located in Nanhai District, Foshan City, China, with a site area of approximately 17,602.90 square meters. Pursuant to the Land Resumption Agreement, the Land Reserve Center agreed to resume the plot, and the Guicheng Subdistrict Office will pay Foshan Baohua a total cash compensation of RMB 569 million. The relevant government authorities have determined and confirmed the compensation based on their internal pricing standards and with reference to their internal valuation reports.