Tianbao infrastructure: an increase of 855 million yuan in capital for its wholly-owned subsidiary.

Tianbao Construction Announcement: In order to meet the operational business development needs of its subsidiary, the company's wholly-owned subsidiary Tianjin Binhai Kaiyuan Real Estate Development Co., Ltd. plans to increase its investment in its wholly-owned subsidiary Tianjin Tianbao Deyuan Real Estate Development Co., Ltd. by 855 million yuan with its own funds, all of which will be included in the capital reserve without increasing its registered capital. After this capital increase, Binhai Kaiyuan will still hold 100% equity of Tianbao Deyuan. This matter has been approved by the 34th meeting of the 9th Board of Directors of the company, does not require the approval of the shareholders' meeting, and does not constitute a related party transaction or major asset restructuring.