Good news.

Due to operational needs, CCCC Real Estate applied for 650 million yuan of trust financing from Xiamen International Trust Co., Ltd., which can be withdrawn in installments. The term of each installment shall not exceed 12 months, and the annual interest rate shall not exceed the financing cost range in the company's annual financing plan.

This financing is pledged by part of the equity held by the company in its holding subsidiary CCCC Real Estate (Suzhou) Co., Ltd. (hereinafter referred to as the "Suzhou Company").