The first market-oriented long-term rental apartment REIT established between institutions on the Shanghai Stock Exchange.

Recently, the Zhongjin-Bo Lin long-term apartment held real estate asset-backed special plan was successfully issued and established on the Shanghai Stock Exchange. The issuance size of the special plan is 800 million yuan, making it the first market-oriented REIT between long-term apartment institutions in the country. The underlying assets of this special plan are two high-quality long-term apartments located in the core areas of Shanghai. The overall operation of the projects is stable, with high occupancy rates, diverse tenant structures, complete supporting facilities, high-quality services, and vibrant community experiences. Among them, the Bo Lin Executive Apartment in Jing'an, Shanghai is located in the core area of the inner ring of Shanghai, adjacent to the main business district, with prominent location advantages; Bo Lin Executive Apartment in Wujiaochang, Shanghai is located in the New Jiangwan-Wujiaochang business district, adjacent to a cluster of high-quality universities and a gathering area of scientific and technological industries, with a solid rental demand foundation and good growth potential. As of now, nearly 80 inter-institutional REITs projects have been declared on the Shanghai Stock Exchange, with a declared size exceeding 150 billion yuan. 47 projects have been successfully issued with a total issuance size of 78 billion yuan.