On December 19, the Prologis-sponsored China Prologis Logistics Closed-end Infrastructure Securities Investment Fund (referred to as "China Prologis Logistics REIT," fund code: 180306) successfully listed on the Shenzhen Stock Exchange. This marks Prologis's first publicly offered REIT in the Chinese market, with the company holding a 20% stake in the fund. China Asset Management Co., Ltd. (referred to as "China Asset Management") serves as the fund manager.

China Prologis Logistics REIT is the only listed logistics REIT with all its assets located in the Guangdong-Hong Kong-Macao Greater Bay Area. During the offline inquiry phase, the fund achieved an inquiry multiple of 235.8 times, and the public offering concluded ahead of schedule, reflecting strong investor confidence in the project's value.

Tim Arndt, Global CFO of Prologis, Wu Juan, Chairwoman of Prologis China, and Zhang Changyi, Deputy Party Secretary and Chairman of the Supervisory Board of CITIC Securities Co., Ltd. (referred to as "CITIC Securities"), attended the listing ceremony and delivered speeches. Representatives from Prologis, CITIC Securities, China Asset Management, and other partners and investors were also present.

"We are delighted to deeply engage with China's capital markets, bringing decades of Prologis's global REIT expertise, mature capabilities, and long-term investment perspective," said Tim Arndt, Global CFO of Prologis. "We look forward to contributing to the healthy development and vibrancy of China's public REIT market, supporting the logistics real estate sector in its next phase of growth."

Wu Juan, Chairwoman of Prologis China, stated, "As Prologis's first public REIT in China, the listing of China Prologis Logistics REIT is not only a significant milestone but also demonstrates the capital market's recognition of the asset quality, operational resilience, and long-term strategy of Prologis China. It highlights the continued opening and international cooperation of China's capital markets. We aim to collaborate with long-term capital partners to build high-quality assets and create replicable, sustainable value in China."

**Prologis Continues Expanding Premium Logistics Infrastructure in China** The rapid growth of China's consumer market is a key driver for the logistics sector, and Prologis remains optimistic about the country's growth potential. The successful listing of China Prologis Logistics REIT exemplifies Prologis's use of financial innovation to serve the real economy, reflects foreign capital's accelerated participation in China's public REIT market, and underscores Prologis's long-term commitment to investing in China.

The REIT's initial underlying assets comprise three premium logistics projects in the Greater Bay Area: Prologis Guangzhou Development District Logistics Center, Prologis Dongguan Shipai Logistics Center, and Prologis Dongguan Hongmei Logistics Center.

These centers are strategically located in core logistics hubs of the Greater Bay Area, designed, built, and managed to international standards, with high asset maturity and strong operational performance to meet diverse supply chain needs. The successful issuance of China Prologis Logistics REIT not only provides retail investors with an efficient tool to participate in logistics projects but also diversifies China's public REIT asset types, advancing the modernization of logistics infrastructure and supporting sustained economic growth.

With high-standard logistics facilities and services, Prologis has long supported efficiency improvements and upgrades across industries in China. The company remains committed to a "long-term approach" in China, leveraging global resources and operational expertise to develop future-ready logistics solutions and drive supply chain optimization and high-quality development for businesses.