Xinyuan Property Management settles debt with parent company via property transfers

Xinyuan Science and Technology, a wholly-owned subsidiary of Xinyuan Property Management, entered into three Offsetting Debt Agreements on November 25, 2025. Under these agreements, Target Properties 1 will be transferred for 89,073,130 yuan, settling a prepayment. Target Properties 2 will be transferred for 41,070,000 yuan to settle an indemnified amount. Finally, Target Properties 3 will be transferred for 3,759,565.77 yuan to resolve outstanding accounts receivable from Zhengzhou Hangmei.

The aggregate appraised value of Target Properties 1, 2, and 3 as of October 31, 2025, was 112,876,000 yuan, 41,300,000 yuan, and 3,781,000 yuan, respectively. Additionally, a Lease Agreement was signed for 72 carparking spaces at Tianjin Xinyuan Tangchuan Shijia for a 20-year term, with the 2,175,426.4 yuan rent offset by outstanding accounts receivable.

These transactions are subject to Independent Shareholders' approval at an upcoming Extraordinary General Meeting (EGM). Xinyuan Real Estate is a controlling shareholder, making these connected transactions under Listing Rules. Due to the percentage ratios, the Offsetting Debt Agreements are major and connected transactions, while the Lease Agreement is a fully-exempt connected transaction.