Cifi Es Service announced on October 29, 2024 that it will renew the 2025 CIFI sales agency service framework agreement with its controlling shareholder CIFI Holdings, with a term from January 1, 2025 until December 31, 2027. The agreement involves sales agency services for unsold residences, commercial units, and parking spaces of CIFI Group's development projects in China. According to listing rules, CIFI Holdings is a related party, hence this transaction constitutes a continuing related transaction. The recommended annual cap for commissions exceeds 0.1% but is below 5%, while the recommended annual cap for deposits exceeds 5%, therefore requiring compliance with relevant declaration, announcement, annual review, and independent shareholder approval requirements. The company will issue a circular by November 30, 2024, or earlier, and convene a special general meeting for independent shareholders to consider and approve the proposed limits. The board of directors considers the renewal agreement and its terms to be fair and reasonable, in line with the overall interests of the company and shareholders.

Cifi Es Service announced on October 29, 2024 that it will renew the 2025 CIFI sales agency service framework agreement with its controlling shareholder CIFI Holdings, with a term from January 1, 2025 until December 31, 2027. The agreement involves sales agency services for unsold residences, commercial units, and parking spaces of CIFI Group's development projects in China. According to listing rules, CIFI Holdings is a related party, hence this transaction constitutes a continuing related transaction. The recommended annual cap for commissions exceeds 0.1% but is below 5%, while the recommended annual cap for deposits exceeds 5%, therefore requiring compliance with relevant declaration, announcement, annual review, and independent shareholder approval requirements. The company will issue a circular by November 30, 2024, or earlier, and convene a special general meeting for independent shareholders to consider and approve the proposed limits. The board of directors considers the renewal agreement and its terms to be fair and reasonable, in line with the overall interests of the company and shareholders.