Yuexiu Property announced on August 30, 2024 that the Guangzhou Land Development Center will reclaim the Guanglong site from its non-wholly owned subsidiary Yuexiu Huacheng, and has signed an effective land reclamation agreement with Yuexiu Huacheng and Guangzhou City Construction. According to the agreement, Yuexiu Huacheng will return the Guanglong site to the Guangzhou Land Development Center at a cost of 7 billion yuan, and the compensation will be made in the form of equivalent negotiable instruments. This land reclamation matter constitutes a major transaction for Yuexiu Property under the listing rules, but it will not be a very significant sale. Yuexiu has obtained written approval from the Group, so no shareholders' meeting is required. The company will delay sending detailed communications to shareholders and apply for exemption from compliance with relevant listing rules. Shareholders and potential investors should note that the land reclamation matter still needs to meet specific conditions and is not necessarily completed, so caution should be exercised.

Yuexiu Property announced on August 30, 2024 that the Guangzhou Land Development Center will reclaim the Guanglong site from its non-wholly owned subsidiary Yuexiu Huacheng, and has signed an effective land reclamation agreement with Yuexiu Huacheng and Guangzhou City Construction. According to the agreement, Yuexiu Huacheng will return the Guanglong site to the Guangzhou Land Development Center at a cost of 7 billion yuan, and the compensation will be made in the form of equivalent negotiable instruments. This land reclamation matter constitutes a major transaction for Yuexiu Property under the listing rules, but it will not be a very significant sale. Yuexiu has obtained written approval from the Group, so no shareholders' meeting is required. The company will delay sending detailed communications to shareholders and apply for exemption from compliance with relevant listing rules. Shareholders and potential investors should note that the land reclamation matter still needs to meet specific conditions and is not necessarily completed, so caution should be exercised.