Shenzhen Investment (00604) announced on October 24, 2025, that its indirect non-wholly owned subsidiary, Shenzhen Taiyun Tong, has entered into a loan agreement with its shareholders, Shen Ye Tai Ran and Shenzhen Metro Real Estate. Under this agreement, Shenzhen Taiyun Tong agrees to provide loans to Shen Ye Tai Ran and Shenzhen Metro Real Estate in accordance with the ownership proportions they hold in Shenzhen Taiyun Tong and under the same terms and conditions. The total principal amounts to be provided by Shenzhen Taiyun Tong to Shen Ye Tai Ran and Shenzhen Metro Real Estate are RMB 1.29 billion and RMB 1.24 billion, respectively. The term of the loan financing is set for 36 months from the date of the first loan disbursement. During this period, the lender can provide loans in one or more batches based on the funding requirements of the borrower. The loan will accrue interest at a fixed annual simple interest rate of 0.05%, which will remain unchanged throughout the loan period. Shenzhen Taiyun Tong is primarily engaged in the development and construction of a residential project located in Shenzhen. This project has been completed, and Shenzhen Taiyun Tong has generated surplus cash from the project. As Shenzhen Taiyun Tong does not have significant capital needs, providing loans to its shareholders in accordance with their respective equity stakes allows it to utilize surplus cash more effectively, enabling its shareholders (including the group as one of the shareholders) to recover cash. Therefore, the parties took into account the current market savings interest rate when determining the interest rate under the loan agreement, and the terms of the loan agreement were mutually agreed upon through fair negotiations.