On 3 March 2023, the board of directors of Hui Xian Asset Management Limited (the Manager), as manager of Hui Xian Real Estate Investment Trust (Hui Xian REIT), announced, among other things, that the board has approved a distribution reinvestment arrangement for the final distribution for the period from 1 July 2022 to 31 December 2022 of RMB 0.0318 per unit of Hui Xian REIT (Unit). The Distribution Reinvestment Arrangement will be made available to holders of the Units who have complied with all applicable registration or other legal requirements, governmental or regulatory procedures or similar formalities of the relevant jurisdictions, other than those excluded as mentioned in paragraph 6 of the Appendix to this circular) whose names appeared on the register of Unitholders on 22 March 2023 (the record date). Under the distribution Reinvestment Arrangement, Eligible Unitholders will be entitled to have a scrip distribution alternative in lieu of a cash distribution.

Eligible Unitholders can elect to receive their 2022 Final Distribution wholly in the form of cash, or wholly in the form of new Units, or a combination of both. The expected date for the payment of cash distribution and the despatch of new Unit certificates for Scrip Units is on or about 15 May 2023.