Yuexiu Property Co., Ltd. ("Yuexiu Property") voluntarily announced that its 95% equity subsidiary, Guangzhou City Construction Development Co., Ltd., has been approved to issue up to RMB 3 billion targeted debt financing instruments in the form of non-public offering in the interbank market of Bank of China. The targeted instruments will be issued in installments in 2024. The first issue amount will not exceed RMB 1.8 billion, and there are two types of five-year and seven-year periods, both of which have adjustable coupon rates and put options. The proceeds will be used to repay mature debts. The issuer has received a "AAA" credit rating and will determine the coupon rate according to market response. The issuance may be subject to multiple conditions and may or may not proceed. This is intended to let shareholders and investors understand the company's business development situation.

Yuexiu Property Co., Ltd. ("Yuexiu Property") voluntarily announced that its 95% equity subsidiary, Guangzhou City Construction Development Co., Ltd., has been approved to issue up to RMB 3 billion targeted debt financing instruments in the form of non-public offering in the interbank market of Bank of China. The targeted instruments will be issued in installments in 2024. The first issue amount will not exceed RMB 1.8 billion, and there are two types of five-year and seven-year periods, both of which have adjustable coupon rates and put options. The proceeds will be used to repay mature debts. The issuer has received a "AAA" credit rating and will determine the coupon rate according to market response. The issuance may be subject to multiple conditions and may or may not proceed. This is intended to let shareholders and investors understand the company's business development situation.