On 22 June 2026, Yuexiu Property Company Limited executed a foreign-exchange forward contract with controlling shareholder Yue Xiu Enterprises (Holdings) Limited (YXE) to purchase US$60.00 million using Renminbi.

Key terms include: • Forward rate: RMB6.0287 per US$1.00 • Settlement structure: non-deliverable in USD • Settlement date: 20 January 2031, with valuation two business days prior • Early-termination option if the underlying USD notes are redeemed, cancelled or declared due and payable.

Purpose and rationale: The Group’s revenue and costs are mainly denominated in RMB, while it has outstanding US$150.00 million 3.80% guaranteed notes maturing in 2031. The contract hedges this currency exposure. Yuexiu Property compared YXE’s quotation with those from three independent banks and determined YXE’s offer to be the most cost-effective, lowering the Group’s hedging expense.

Listing Rules implications: Because YXE is a connected person, the deal constitutes a connected transaction under Chapter 14A. The highest applicable percentage ratio (other than the profits ratio), whether standalone or aggregated with two prior forward contracts (US$300.00 million dated 20 April 2021 and US$350.00 million dated 5 June 2024, both settling on 20 January 2026), exceeds 0.1% but is below 5%. Consequently, the transaction requires public reporting and announcement but is exempt from circular, independent financial advice and minority shareholder approval. Executive Director Mr Lin Zhaoyuan—also vice chairman and general manager of YXE—abstained from voting on the board resolution; no other director had a material interest.

Corporate background: Yuexiu Property, headquartered in Hong Kong and listed on the Main Board, focuses on property development, sales, and investment across the Greater Bay Area, Eastern, Central & Western, and Northern China.>