Joy City: Commercial Real Estate REITs Receives CSRC Registration Approval

Joy City announced that the company, with its controlled subsidiary COFCO Property Investment Co., Ltd. as the original equity holder, is carrying out the filing and issuance of a commercial real estate REITs using assets held by its wholly-owned subsidiary Joy City Limited. This matter has been reviewed and approved by the company's board of directors and the first extraordinary shareholders' meeting of 2026, has received a no-objection letter from the Shenzhen Stock Exchange, and obtained registration approval from the China Securities Regulatory Commission on November 3, 2026. The total number of fund units to be raised is 1 billion, and the raising must be completed within 6 months from the date of issuance of the approval, with the offering period not exceeding 3 months from the date of sale. The issuance and listing of this REITs still requires the completion of the offering, issuance, and listing application procedures.