KINETIC DEV (01277) announced that on December 4, 2025, its subsidiaries KINETIC Qinhuangdao and KINETIC Shanxi entered into the sixth supplemental agreement with sellers Qingdao Shilu Ocean Big Data Investment Development Co., Ltd. and Zhongshan Shidi Real Estate Development Co., Ltd., as well as Zunyi Shidi. The agreement stipulates: (i) properties pending ownership transfer registration will no longer be sold to KINETIC Qinhuangdao, and the rights and obligations under the 2022 property purchase agreement regarding the terminated 2025 properties will cease upon the effective date of the sixth supplemental agreement; (ii) KINETIC Shanxi agreed to acquire 100% equity in Taiyuan Shidi from Zunyi Shidi for a total consideration of RMB384 million, offset by payments made for the terminated 2025 properties. After offsetting, the remaining equity consideration payable by KINETIC Shanxi to Zunyi Shidi is RMB130 million. On the same day, KINETIC Shanxi and Zunyi Shidi executed a share transfer agreement for the acquisition. Separately, KINETIC Qinhuangdao and Guangdong Shidi signed a debt repayment agreement with Beijing Shidi to acquire Dongzhimen properties, including: (i) Property No. 3110 at Dongzhimen for RMB45.1 million; and (ii) Property No. 3111 at Dongzhimen for RMB41.23 million (total RMB86.33 million). The parties agreed that (a) Beijing Shidi’s tax liabilities of RMB11.05 million (for Property No. 3110) and RMB4.89 million (for Property No. 3111) related to the transfers would be covered; (b) KINETIC Qinhuangdao and Guangdong Shidi would settle Beijing Shidi’s RMB13.5 million debt on its behalf. After deductions, the net consideration payable for Dongzhimen properties amounts to RMB56.89 million, which will be offset against 2024 payables. Any remaining balance of RMB2.8352 million will offset future payments due from Shidi under the 2025 property management services framework agreement. As of the announcement date, KINETIC Qinhuangdao had paid RMB803 million for the acquisition of further adjusted 2024 target properties under the 2022 agreement, though registration procedures remain incomplete. To safeguard shareholder interests, the group actively sought alternative assets, leading to the acquisition of Taiyuan Shidi’s equity, fully offset by prior payments. The Dongzhimen properties, located in Beijing’s prime area, represent high-quality assets with strong capital appreciation potential. The board considers the acquisitions commercially justified and aligned with strategic objectives, with terms negotiated at arm’s length.