HUA RUN LAND LIMITED (“HUA RUN LAND”) ANNOUNCED THAT WITH EFFECT FROM 23 FEBRUARY 2024, THE TRADING UNITS OF THE COMPANY'S SHARES ON THE HONG KONG STOCK EXCHANGE LIMITED (THE “EXCHANGE”) WILL BE ADJUSTED FROM 2,000 SHARES TO 500 SHARES. The move is designed to reduce the market value of each trader, thereby increasing stock liquidity and expanding the shareholder base. Based on the closing price on the date of the announcement, the market value of each changed unit will be HK$11,800. Shareholders may redeem new shares free of charge between February 7 and March 18, 2024. The Board considers that this move is in the overall interests of the Company and shareholders and does not affect the relevant rights of shareholders. After the change, the format and color of the new stock will be the same as the existing stock.

HUA RUN LAND LIMITED (“HUA RUN LAND”) ANNOUNCED THAT WITH EFFECT FROM 23 FEBRUARY 2024, THE TRADING UNITS OF THE COMPANY'S SHARES ON THE HONG KONG STOCK EXCHANGE LIMITED (THE “EXCHANGE”) WILL BE ADJUSTED FROM 2,000 SHARES TO 500 SHARES. The move is designed to reduce the market value of each trader, thereby increasing stock liquidity and expanding the shareholder base. Based on the closing price on the date of the announcement, the market value of each changed unit will be HK$11,800. Shareholders may redeem new shares free of charge between February 7 and March 18, 2024. The Board considers that this move is in the overall interests of the Company and shareholders and does not affect the relevant rights of shareholders. After the change, the format and color of the new stock will be the same as the existing stock.