Capital development to guarantee equity-holding company's debt

Beijing Capital Development has announced it will provide guarantees for a portion of the debt incurred by Xiamen Cangheng Industrial, a project company jointly established with Poly Haixi Industrial. The guarantee covers up to CNY 235.2 million of Xiamen Cangheng's planned debt, for the development of a Xiamen-based residential project. The total guarantee amount is proportional to Capital Development's equity stake of 49%. As of the announcement, the listed company and its subsidiaries' outstanding external guarantees reached CNY 1,542,951.08, representing 113.69% of the latest audited net assets attributable to shareholders of the listed company. Guarantees for equity-holding companies reached CNY 159,435.19, accounting for 11.75% of net assets attributable to shareholders of the listed company. The current guarantee is within the scope authorized by the 2024 Annual General Meeting.