Summary of duties

The China Merchants Commercial Real Estate Investment Trust Fund is a real estate investment trust fund established mainly for the purpose of owning and investing in China, including Hong Kong and Macao. First of all, it will be focused on the Hong Kong-Macao Greater area (excluding the several investment and land purchase cities, that is, Foshan and Luozhou), including the first five property locations, as well as Beijing and Shanghai. Its main investment items are to provide stable distribution to fund unit holders, to create long-term sustainable distribution growth and to enhance the property value of China Merchants Commercial Housing Fund. The investment combination of China Merchants Commercial Housing Fund is initially made up of the following five businesses located in Shekou, Shenzhen: the New era Market, which is adjacent to the first-class word writing area of the maritime world business area and Prince Edward, with a total area of 87337 square meters. Prince Huang new writing and retailing area The number, Science and Technology Conference and the second phase of the Science and Technology University, with a total area of 124545.0 square meters, is located in Shekou Network Valley, which is designated by the Jinanshan government as the business center of high-tech companies and start-up companies. used to promote and develop new industries And Huayang City, the first large-scale shopping mall, restaurant, leisure and leisure facilities in Shekou Street, with a total area of 50497 square meters. As at September 30, 1919, the total area of the property industry and the total area of leasable property were about 262378.9 square meters and 249990.8 square meters respectively, and the average occupancy rate based on the total area of leasable property was 84.1%. The total estimated value of goods and goods as at September 30, 2019 was 65.790 million yuan.

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The geographical location of the property industry is over and there is a wide range of leases.

The property group has a strong growth capacity, and can be further improved through the asset value-added strategy and future revenue gains.

Negative factor

The future changes in the policies of China and the governments of Hong Kong and Macao may have a significant adverse impact on the operation, operating performance and prospects of the China Merchants Commercial Housing Fund.

The property industry is located in Shekou, which makes the China Merchants Commercial Housing Fund affected by the economic and physical market conditions in Shekou and China.

The purpose of the income

The total amount of proceeds from global sales is mainly used for collecting predecessor collection, transaction costs and general financial resources.