China Merchants Shekou Industrial Zone Holdings (001979.SZ) is planning to launch the second round of new purchases for the Boshi Shekou Industrial Park REIT infrastructure project.

China Merchants Shekou Industrial Zone Holdings (001979.SZ) announced on July 6, 2024 that the National Development and Reform Commission issued a notice on the normalization of real estate investment trust (REITs) projects in the infrastructure sector (Development and Reform Investment [2024] No. 1014), aiming to promote the normalization of infrastructure REITs issuance. In order to promote the high-quality development of the company, unlock the value of existing assets, and implement a development strategy that combines existing assets with new investments and promotes turnover through production and finance, the company is planning to carry out the second round of purchase of infrastructure projects for the Boshu Shekou Industrial Park REIT (referred to as "this planning matter"). This planning matter is still subject to approval by the company's board of directors. It is expected that this planning matter will not constitute a significant asset restructuring as specified in the "Measures for the Administration of Major Assets Restructuring of Listed Companies". Infrastructure projects refer to the B1B2, B5, B6, B7, and B8 blocks of China Merchants Shekou Technology Park B plot held by China Merchants Shekou Science and Technology Park Co., Ltd., a wholly-owned subsidiary of the Company, located south of No. 25 Road in the Gaoxin Park, Fenghuang Sub-district, Guangming District, Shenzhen, as well as the W6 and W7 warehouses and auxiliary buildings in Qianhai E-gang Center, Ma Wan Avenue, Nanshan District, Shenzhen, and Qianhai Yibao Park, Qianhai Ma Wan Plot, Nanshan Street, Nanshan District, Shenzhen, held by Shenzhen Nanyou (Group) Co., Ltd., a wholly-owned subsidiary of the Company. This planning matter is conducive to further promoting a virtuous cycle system of "development-operation-capitalization-reinvestment" for the company's properties, deepening the full life-cycle development model of "investment, finance, construction, management, and exit", practicing a development strategy that combines existing assets with new investments and promotes turnover through production and finance, enhancing the company's sustainable operation capabilities, and creating a new growth curve for the company's business.