Rainbow Group: Withdrawal of Public Offering REITs Application

Tianhong shares announced that the seventh board of directors' fifth meeting approved the proposal to withdraw the application for public offering REITs, agreeing to withdraw the application materials for public offering REITs with Suzhou Xiangcheng Tianhong Shopping Center as the underlying asset. Currently, the relevant fund manager and asset support special plan manager have submitted a withdrawal application to the China Securities Regulatory Commission and the Shenzhen Stock Exchange, and the application process for the public offering REITs has been terminated by the regulatory authorities. The company stated that this matter will not have a significant adverse impact on its operations and financial condition, and there is no situation that would harm the interests of the company and small and medium shareholders.