SHENZHEN INVEST (00604) has announced that on March 30, 2026 (after trading hours), the company, its wholly-owned subsidiary Shenye Pengji, and Shenye Group entered into a debt-to-equity swap agreement. Under this agreement, Shenye Group has consented to inject approximately RMB 2.604 billion into Shenye Pengji through the debt-to-equity conversion. Following the completion of this capital increase, the company and Shenye Group will hold approximately 64.36% and 35.64% equity interests in the target company, respectively. The target company will continue to be a subsidiary of SHENZHEN INVEST, and its financial results will remain consolidated into the group's financial statements. As of the announcement date, the company was the sole shareholder of the target entity. The target company is recognized as a National First-Class Real Estate Development Enterprise, primarily engaged in property investment and development, with a focus on industrial parks, urban residential buildings, and office towers. Projects managed by the target group are predominantly located in Guangdong, Hunan, and Jiangsu provinces. Current residential developments under construction include the Wanlin Huafu project in Huizhou, Guangdong, and the Yunjing Garden project in Taizhou, Jiangsu. Furthermore, the investment property portfolio held by the target group includes Shenye Chuangzhi Tower in Longgang District, Shenzhen, and Shenye Shanglin Yuan in Futian District, Shenzhen. The Board of Directors views this debt-to-equity swap as a strategic arrangement designed to address current needs while planning for long-term objectives. It is considered a pivotal step not only for directly improving the company's financial health but also for steadfastly advancing its strategic transformation, optimizing its business structure, and enhancing the quality of its development. The company's management has expressed strong confidence in the future of this transformation and development. It will continue to concentrate on building core competencies in real estate asset management and comprehensive operational services, aiming to deliver long-term, stable, and sustainable returns for all shareholders.