Poly Developments: Plan to initiate the application for the issuance of commercial real estate REITs.

Poly Development announced that the 2nd interim board meeting in 2026 approved the proposal to carry out the application and issuance of Commercial Real Estate Investment Trusts (REITs). The company plans to declare Guangzhou Poly Center and Foshan Poly Water City Project as the underlying assets, which do not constitute a related party transaction or major asset restructuring. The company or its subsidiaries plan to subscribe for no less than 20% of the issued shares, with a holding period of at least 60 months for 20% and no less than 36 months for the remaining portion. The board authorized relevant personnel to handle the application and issuance matters, with the authorization being valid for 24 months. The issuance is still subject to approval and may involve uncertainty.