On October 10, EXCELLENCE CM issued a supplementary announcement regarding discloseable and connected transactions. According to the announcement, under Rule 14.58(7) of the listing rules, the net profits (before and after tax) attributable to the offset assets in the two financial years immediately preceding the transaction were related to the parking space operations at Qingdao Excellence Century Center. Other offset assets remain vacant or are still under construction and have not generated revenue.

Regarding the profit ratio under Scale Test (B) submitted together with the announcement on August 25, 2025, the pre-tax net profit figure attributable to revenue-generating assets for the 2024 financial year was originally stated as RMB 3,380,000. During further review of management accounts while preparing the circular, EXCELLENCE CM noted that the accurate figure should be RMB 4,333,513.93. This difference does not affect the scale test results and is hereby clarified.

Accordingly, the consideration for EXCELLENCE CM's transfer of offset assets amounts to RMB 379,160,000. The residential and retail units as well as apartment units were valued using the market approach at RMB 49,100,000, while office units, parking spaces, residential unit usage rights, and parking space usage rights were valued using the income approach at RMB 330,060,000. The total valuation for this transaction amounts to RMB 379,160,000.

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