Poly Property Group Co., Limited (“Poly Property”, 00119.HK) announced that its 51%-owned subsidiary, Shenzhen Baoyu Real Estate Development Co., Ltd. (“SZ Baoyu”), has executed two unsecured, interest-free loan agreements totalling RMB1.35 billion to its shareholders Shenzhen Poly Real Estate Development Co., Ltd. (“SZ Poly”) and Shenzhen Runtou Consulting Co., Ltd. (“SZ Runtou”).

Loan Structure and Timing • Loan Agreement I (19 Dec 2025): SZ Baoyu advanced RMB177.99 million to SZ Poly and RMB171.01 million to SZ Runtou, an aggregate of RMB349.00 million. • Loan Agreement II (9 Mar 2026): SZ Baoyu will advance RMB510 million to SZ Poly and RMB490 million to SZ Runtou, an aggregate of RMB1.00 billion.

Key Terms • Both loans are proportionate to each shareholder’s stake in SZ Baoyu (SZ Poly 51%, SZ Runtou 49%). • Tenor: one year from initial drawdown; SZ Baoyu may demand early repayment at any time, with settlement required within 10 business days. • Security & Pricing: unsecured and interest-free; liquidated damages apply to late payments, and prolonged default may trigger equity dilution for the defaulting party. • Funding source: SZ Baoyu’s internal resources.

Strategic Rationale Management aims to redeploy surplus cash from the Shenzhen Yuling Road Project—already partially delivered and nearing final sales—to accelerate development of other property projects. Expected future sales plus remaining project surplus are anticipated to cover construction, management, tax and loan costs over the next 12 months.

Regulatory Classification • Loans to SZ Poly: not notifiable under Chapter 14 of the HKEX Listing Rules. • Loans to SZ Runtou: aggregate size pushes applicable percentage ratios above 5% but below 25%; therefore, Loan II to SZ Runtou is classified as a “discloseable transaction,” requiring announcement but not shareholder approval.

Corporate Profiles • Poly Property Group is a Hong Kong-incorporated investment holding company with core businesses in property development, investment, management, hotel operations and related services. • SZ Baoyu develops the 100%-owned Yuling Road Project in Shenzhen’s Longgang District. • SZ Poly is an indirect wholly-owned property development subsidiary of Poly Property. • SZ Runtou, wholly owned by China Resources Land Holdings Co., Ltd., engages in consultancy services and holds a 49% stake in SZ Baoyu.

Date of announcement: 9 March 2026.