Source of heaven and earth: intends to apply to the government of Shanxi for a loan of not more than 400 million RMB for project development.

The announcement of Tiandi Yuan stated that the 13th meeting of the 11th Board of Directors approved the proposal to apply for a loan of up to 400 million yuan from Shaanxi International Trust Co., Ltd. The funds will be used for the development and construction of compliance projects of its subsidiary companies. The financing period shall not exceed 12 months with a financing cost of 8.50% per year. The wholly-owned subsidiaries, Suzhou Tiandi Yuan Jinshan Real Estate and Suzhou Tiandi Yuan Mudu Real Estate, respectively provide pledge guarantees for the loan with the 1% and 99% equity of Suzhou Guangxin Real Estate they hold. The voting result of the proposal was 11 in favor, 0 against, and 0 abstained.