Sunac China Hong Kong Stock Exchange announced that in order to properly handle the undistributed profits and related claims and debts of the target company (Tianjin Greentown Quanyuncun Construction and Development Co., Ltd.) to complete the target company's subsequent liquidation matters, Sunac North China, Greentown Real Estate, China Aviation Trust and the target company signed an agreement on May 25, 2023. According to this, Sunac North China agreed to transfer 51% of the target company's shares held by Greentown Real Estate through a restructuring arrangement, at a cost of about RMB 1,486 million. The cost would be offset by existing claims and debts, with no actual cash payment. As of the date of this announcement, 51% of the target company's shares have been changed and registered. As a result, Sunac North China holds 99.608% of the target company's shares, and the target company has become an indirect subsidiary of the Company.