ON 22 MARCH 2024, JINMAO CHINA ANNOUNCED THAT ITS WHOLLY OWNED SUBSIDIARY SHENGMAO REAL ESTATE SIGNED A CAPITAL INCREASE AGREEMENT WITH GAO GROUP AND QINGMAO REAL ESTATE, INCREASING THE REGISTERED CAPITAL OF QINGDAO ORIENTAL EDEN PARK COMPANY FROM RMB600 MILLION TO RMB1,050 MILLION. Sheng Mao Properties will subscribe for additional registered capital. After the capital increase, the Group will hold 80.95% equity in the project company and become a non-wholly owned subsidiary. This capital increase is a disclosable transaction as it involves amounts exceeding 5% but less than 25%. Qingdao Oriental Eden is a comprehensive cultural tourism project that integrates culture, tourism, entertainment, etc., and is expected to be completed in the second half of 2025. This increase will strengthen China's control over the project and ensure its smooth completion.

ON 22 MARCH 2024, JINMAO CHINA ANNOUNCED THAT ITS WHOLLY OWNED SUBSIDIARY SHENGMAO REAL ESTATE SIGNED A CAPITAL INCREASE AGREEMENT WITH GAO GROUP AND QINGMAO REAL ESTATE, INCREASING THE REGISTERED CAPITAL OF QINGDAO ORIENTAL EDEN PARK COMPANY FROM RMB600 MILLION TO RMB1,050 MILLION. Sheng Mao Properties will subscribe for additional registered capital. After the capital increase, the Group will hold 80.95% equity in the project company and become a non-wholly owned subsidiary. This capital increase is a disclosable transaction as it involves amounts exceeding 5% but less than 25%. Qingdao Oriental Eden is a comprehensive cultural tourism project that integrates culture, tourism, entertainment, etc., and is expected to be completed in the second half of 2025. This increase will strengthen China's control over the project and ensure its smooth completion.