Poly Developments and Holdings Group (600048.SH): ChinaAMC Poly Commercial REIT Listed

Poly Developments and Holdings Group (600048.SH) announced that ChinaAMC Poly Commercial REIT completed its offering on July 21, 2026, and was listed on the Shanghai Stock Exchange on November 12, 2026. ChinaAMC Poly Commercial REIT has a total of 500 million fund units, with an offering price of RMB3.593 per unit, and the net proceeds raised by the fund amounted to RMB1.796 billion; calculated together with interest during the offering period, the total amount raised by the fund was RMB1.797 billion. The commercial real estate properties included in this pool are the Guangzhou Poly Center office project located at No. 5 Linjiang Avenue, Tianhe District, Guangzhou, held by Guangzhou Ruizi, and the Foshan Poly Water City shopping mall project located at No. 20 Denghu West Road, Guicheng Subdistrict, Nanhai District, Foshan City, Guangdong Province, held by Foshan Baocheng. Carrying out commercial real estate REITs helps the company effectively revitalize its commercial real estate assets, is conducive to promoting a virtuous cycle of the company's investment in the commercial real estate sector, promotes the sustained, healthy and stable operation of commercial real estate projects, and enhances the company's sustainable operating capability.