China Resources Land Limited has announced a supplemental update regarding its connected transaction involving the acquisition of equity interests in a target company. The acquisition, governed by the Equity Transfer Agreement, involves a consideration of approximately RMB200.79 million. This amount was determined after extensive negotiations, taking into account the appraised value of the target equity, the shareholder's loan, and current market conditions. The transaction is based on an asset-based valuation approach conducted by an independent valuer as of July 31, 2024. This announcement ensures stakeholders that all other details of the original announcement remain unchanged.