CHINA RESOURCES LAND LIMITED issued an updated version of its Executive Committee Terms of Reference, originally adopted on 18 April 2017 and amended on 13 February 2026. The document highlights the following key points:

The Committee comprises the executive directors of the Company, with its chairman appointed by the board. Meetings must be held at least once annually, and resolutions can be passed through in-person sessions or signed written approvals. The Committee is empowered to seek necessary information within the Company and may solicit professional advice when needed.

A principal focus lies in approving scopes of business related to investments, acquisitions, disposals, and financing within specified thresholds. For example, development-and-sales property projects may proceed under Committee approval if the attributable consideration is below 2.50% of the Company’s audited net assets or less than RMB5.00 billion, depending on the transaction type. Similar limits apply for investments in property lease businesses, management-fee-based investments, and significant property renovation projects exceeding RMB10.00 million. The Committee also handles land swaps, capital-allocation revisions above certain limits, and financing arrangements such as registration and issuance of onshore and offshore bonds.

Furthermore, the Committee oversees decisions on REITs, quasi-REITs, and equity asset disposals up to specific transaction amounts, and may approve the formation of joint ventures, cooperation, and equity adjustments in major urban redevelopment and investment projects. It also governs asset impairment provisions, asset write-offs, and external guarantees, while retaining the authority to invite professionals for advice.

The revised Terms of Reference require the Committee’s chairman to report its resolutions to the board on a quarterly basis, ensuring that significant approvals and strategic decisions are regularly communicated and remain compliant with relevant Listing Rules and regulations.