CHINANEWTOWN (01278) announced that, as of December 31, 2025, after deducting provisions for impairment on risk projects, the total amount of the company's fixed-income project investment portfolio was approximately RMB3.366 billion. Excluding the risk projects, other projects generated a pre-tax annualized guaranteed investment return of about RMB238 million according to contracts, corresponding to an average annualized pre-tax investment return rate of approximately 7.1%. Compared to the investment portfolio as of September 30, 2025, the Group added new investment projects in the fourth quarter, including the Taizhou Xinghua Leisure Food Industrial Park fixed-income project, the Wuxi Huishan State-Controlled fixed-income project, and the Yangzhou Guangling Food Industrial Park fixed-income project. The Group exited from projects including the Taizhou Xinghua Urban Renewal Project, the Yangzhou Guangling Technology Innovation Park Project, and the Taizhou Jingjiang City North Zone Project, cumulatively recovering principal amounting to RMB820 million, and has received all principal along with the related guaranteed investment returns.