Pearl River Delta Group: Intends to sell 100% equity of Gree Real Estate at a transaction price of 5.518 billion RMB.

Pearl Free Group Announcement: intends to sell 100% equity of Zhuhai Gree Real Estate Co., Ltd. to Zhuhai TouJie Holdings Limited at a transaction price of 5.518 billion yuan. After the completion of this transaction, the listed company will accelerate the overall de-real estateization and focus more on the core tax-free business of large consumption. According to the "Review Report for Examination", the comparison of the main financial indicators of the listed company before and after this transaction shows that in January-July 2025, the operating income was 1.442 billion yuan, and the net profit was 0.272 billion yuan; in 2024, the operating income was 2.922 billion yuan, and the net profit was 0.295 billion yuan.