China Fortune Land Development: The asset aggregation of 24.01 billion yuan has been completed and a trust has been established.

Announcement of Huaxia Happiness: The company has completed the aggregation of assets totaling 24.1 billion yuan and established a trust to be used for offsetting financial debt. The underlying assets of this transaction include 100% equity of Yunuo Gold and the debt of Yunuo Gold and related target project companies. The assessed value of 100% equity of Yunuo Gold is 1 billion yuan, and the value of the debt of Yunuo Gold and related target project companies is approximately 25.84 billion yuan. The counterparty will pay the transaction consideration in the form of offsetting financial debt. As of January 15, 2024, the details of the counterparty's debts to the company's bondholders, USD bondholders, and other debt holders are as follows: the amount of debt offset by the company's bondholders is 5.73 billion yuan, the amount of debt offset by USD bondholders is 51.1 billion yuan, and the amount of debt offset by other debt holders is 135.18 billion yuan.