China Resources Land enhances transparency for target company acquisitions

China Resources Land Limited has issued a supplemental announcement regarding its acquisition of equity and debt interests in Target Companies, following its initial announcement on August 1, 2025. The Consortium formally entered into Equity Transfer Agreements for the Second, Third, and Fourth Acquisitions with the Sellers on August 1, 2025, and for the First Acquisition with Seller 1 on August 6, 2025.

The Company further detailed the basis of consideration, emphasizing that the valuation of state-owned assets adhered strictly to PRC regulations, including review and approval by an independent expert panel and filing with SASAC of Shanghai Municipal Government. The process involved a transparent public bidding on the SUAE Exchange, ensuring no premium was paid over the appraised value.

China Resources Land also conducted internal research, including feasibility studies and due diligence, to validate the reasonableness of the valuation and the proposed bid price. This encompassed analysis of floor prices, sales prices of neighboring projects, and market dynamics.