CHINA JINMAO announced that on April 16, 2026, its indirect non-wholly-owned subsidiary, Chengdu Quanmao, entered into a framework agreement with its shareholders, Beijing Yicheng and Chengdu Jingkai. Under this agreement, Chengdu Quanmao has consented to provide loans to Beijing Yicheng and Chengdu Jingkai (or their respective designated entities) in proportion to their shareholdings and under identical terms and conditions. Beijing Yicheng holds a 51% stake in Chengdu Quanmao, while Chengdu Jingkai holds 49%. The loans extended by Chengdu Quanmao to each shareholder will correspond to their respective ownership percentages, and all other loan terms will be uniform. The parties are expected to execute specific loan agreements based on the provisions outlined in the framework agreement. It is anticipated that the maximum daily outstanding balance of the loans provided by Chengdu Quanmao to Chengdu Jingkai, including accrued interest, will amount to RMB 1.568 billion during the validity period of the framework agreement. With Chengdu Quanmao experiencing strong sales performance and ample sales proceeds, the board believes that providing loans to its shareholders will help reduce idle cash balances, optimize the use of capital, allocate resources efficiently, improve fund utilization, and meet the group's development and financial requirements for other projects.