Yuexiu Property Company Limited announced land acquisitions in November 2023. the Company acquired an effective equity interest of approximately 99.64% in relation to a land parcel in Hefei by way of land auction. The land parcel is located in Baohe District, Hefei and the GFA of the land parcel is approximately 99,400 sq.m. It is planned for development of residential land use.

The amount of land premium attributable to the effective equity interest of the Company was approximately RMB 970 million. In November 2023, the Company acquired an effective equity interest of approximately 27.73% in relation to a land parcel in Chengdu by way of land auction. The land parcel is located in East Railway Station Segment, Chenghua District, Chengdu and the GFA of the land parcel is approximately 90,100 sq.m. It is planned for development of residential land use.

The amount of land premium attributable to the effective equity interest of the Company was approximately RMB 248 million.