Hualian Group: Intends to participate in the establishment of a partnership enterprise and to carry out the declaration of commercial real estate REITs.

Hualian Corporation announced that the company held a board meeting on February 10 to approve the proposal to participate in the application and issuance of commercial real estate investment trusts (REITs). The company will jointly invest 1.5001 billion yuan with Shounong Information and Sanyuan Jiaye to establish Yuanchuang Lian, with the company subscribing for 500 million yuan. Yuanchuang Lian plans to acquire 50% equity of Longde Place held by a subsidiary of the company, and will collaborate with Jingliang Group as the original equity owner to apply for REITs using Longde Square as the underlying asset. This transaction does not constitute a related party transaction or significant asset restructuring, and will require approval from the shareholders' meeting and regulatory approval, thus there is uncertainty.