SHOUCHENG Holdings (00697) announced that the Beijing Pingzhun Infrastructure Real Estate Equity Investment Fund Partnership (Limited Partnership), managed by a company under the group's wholly-owned subsidiary SHOUCHENG Cornerstone, has invested in the CICC Vipshop Outlet Closed-End Infrastructure Securities Investment Fund (CICC Vipshop Outlet REIT).

This investment will further activate existing assets, promote consumer upgrades, expand domestic demand, and inject new momentum into the development of consumer infrastructure. Vipshop Holdings Limited is China's leading brand discount e-commerce platform and a benchmark enterprise among China's major comprehensive e-commerce companies that focuses on operating "brand flash sales" discount products.

The CICC Vipshop Outlet REIT uses the Shanjing Outlets project in Ningbo, Zhejiang Province, China as its underlying asset. The project possesses excellent asset quality and sustainable operational capabilities, making it one of the benchmark projects in China's outlet sector.

The successful listing of the CICC Vipshop Outlet REIT introduces long-term capital for consumer infrastructure, provides high-quality scenarios for residential consumption upgrades, injects sustainable new momentum for expanding domestic demand and dual circulation, and contributes to stabilizing and activating capital markets while supporting the continued recovery of the national economy.

The group will continue to steadfastly increase its investment layout in China's core intelligent infrastructure real estate sector. Leveraging the synergistic effects of the entire industrial chain and first-mover advantages in the REITs field, the company will continue to deepen cooperation with leading domestic commercial operators and industry participants, injecting stronger momentum for the efficient activation and value enhancement of infrastructure assets.