SHENZHEN INVEST (00604) has announced its key business developments for the first quarter of 2026 and recent periods. In its commercial operations segment, the company's projects have consistently gained recognition from the market and institutions. Shenye UpperHills was awarded the CSVB 2025 "Gold Award for Urban Regional Commercial Benchmark" and "Silver Award for Renovation Pioneer" in an authoritative industry selection, solidifying its benchmark status through outstanding commercial operations, forward-looking adjustment strategies, and significant urban value contribution. The Mandarin Oriental Hotel made its debut on the "Travel+Leisure" World's Best 500 list (one of only seven Mandarin Oriental hotels globally selected). It also received the 2026 Dongtianhui "Best Business Hotel" award, maintained its Forbes "Double Five-Star" rating for the third consecutive year, and saw its "East Bay" restaurant awarded a Black Pearl One Diamond rating, further strengthening its high-end brand moat. Major IP events drove increases in both customer traffic and sales. During Q1 2026, Shenye UpperHills effectively boosted traffic and sales through precise operations and innovative scenarios tied to high-quality IP events. The project successfully hosted the "Greater Bay Area Flower Show" and the "Spartan Race China Series Opening Race," integrating with Bijia Mountain Sports Park and Lotus Mountain Park to create a one-stop route for "flower viewing, strolling, and consumption," effectively converting public landscape resources into consumption momentum. The 11-day flower show attracted over 2.117 million visitors, driving total mall sales to RMB 191 million, a year-on-year increase of 12%. Sales for park merchants surged 80% year-on-year, retail sales grew by nearly 13%, and F&B revenue also achieved double-digit growth. In April, the first Shenzhen store of Gree's "Dong Mingzhu Healthy Home" opened at Shenye Taifu International Home Plaza, enriching the group's commercial ecosystem and brand portfolio. During the May Day holiday, Shenye UpperHills saw cumulative customer traffic increase by approximately 18% year-on-year and sales rise by about 10% year-on-year, further consolidating its leading position as a core commercial hub in the Greater Bay Area. In the property operations segment, the company's capabilities have been repeatedly honored. In March 2026, Shenye Operations was invited to attend the 45th Anniversary Forum on Property Management Reform and Development, receiving multiple awards including "2025 Excellent Enterprise" and "Industry Service Model." In May 2026, it was ranked 13th in the authoritative "2026 China's Top 100 Property Service Enterprises" list, showing steady improvement. The company was also rated as a "China Smart City Service Leading Enterprise" for the sixth consecutive year and received honors in multiple sub-sectors, affirming its comprehensive strength. Operational expansion achieved further success. In Q1 2026, Shenye Operations net expanded its contracted area by approximately 6.458 million square meters, continuously solidifying its regional market advantage. In early May, leveraging its excellent comprehensive strength and service quality, the company successfully won the bid for the property management and maintenance service project of the new Huanggang Port Joint Inspection Building for the Shenzhen Municipal People's Government Port Office. It will apply its professional operation and maintenance capabilities to help build a super-port and comprehensive transportation hub that radiates across the Greater Bay Area and connects domestic and international markets. In the property development segment, sales and inventory digestion remained steady, with strong performance during the May Day holiday. The group broadened its sales channels, seized market opportunities, and accelerated inventory digestion. Projects in Shenzhen, including Nongke East City, Shenye Taifu Plaza, Tairui Mansion, and Yiyue Mansion, continued to sell well. Projects in Zhongshan, Shanghai, and Chengdu also performed favorably. In Q1 2026, the group's unaudited contract sales amounted to approximately RMB 3.052 billion, with a contract sales area of about 127,403 square meters. During the May Day period, the group capitalized on market heat with multi-project promotions, achieving cumulative sales of approximately RMB 500 million, an 18% year-on-year increase, demonstrating strong brand appeal and product competitiveness. Project construction ensured quality delivery. The group strictly controlled project timelines to ensure high-quality delivery and completion. In the first quarter, the group's Tairui Mansion and the F25 plot project in Bay Central New City were successfully completed and filed for completion as scheduled. The group completed the filing for completion of several phases across six projects, with a total construction area of approximately 428,000 square meters, continuing to supply the market with high-quality products. SHENZHEN INVEST will continue to accelerate the development of new business models, actively promote the transformation of its operations towards urban asset management and comprehensive operations, as well as technology industry investment services, and fully support the group's high-quality development.