Core Viewpoint - The Everbright Prudential Everbright Anshi Closed-End Commercial Real Estate Securities Investment Fund has officially submitted its application for public offering of REITs, marking a significant step in the company's investment strategy in commercial real estate [2][4]. Group 1: Fund Details - Fund Name: Everbright Prudential Everbright Anshi Closed-End Commercial Real Estate Securities Investment Fund [4] - Asset Type: Commercial Real Estate [4] - Initiators: Shanghai Guangling Investment Center (Limited Partnership) and Tianjin Anshi Jinrui Equity Investment Fund Partnership (Limited Partnership) [4] - Fund Manager: Everbright Prudential Fund Management Co., Ltd. [4] - Special Plan Name: Everbright Prudential Everbright Anshi No. 1 Asset-Backed Special Plan [4] - Special Plan Manager: Everbright Prudential Asset Management Co., Ltd. [4] - Project Status: Application Submitted [4] - Update Date: February 5, 2026 [4] Group 2: Project Background - On January 30, 2026, Everbright Jiabao Co., Ltd. announced the approval of the public REITs application during its board meeting [2][4]. - The underlying assets for the fund include the Jing'an Grand Mall project in Shanghai, with a total construction area of approximately 189,000 square meters, and the Jiangmen Grand Mall project in Jiangmen, Guangdong Province, with a total construction area of approximately 120,000 square meters, both focused on commercial retail [5].

Group 1 - The China Securities Regulatory Commission (CSRC) has officially accepted the application for the Everbright Baodexin Everbright Anshi Closed-End Commercial Real Estate Securities Investment Fund [1] - Everbright Jiabao Co., Ltd. announced plans to initiate a public offering of commercial real estate REITs, utilizing the Jing'an Daluocheng project and Jiangmen Daluocheng project as underlying assets [2] - The board of directors of Everbright Jiabao approved the proposal for the public offering of commercial real estate REITs on January 29, 2026 [2] Group 2 - The Jing'an Daluocheng project, located in Shanghai's Jing'an District, has a total construction area of approximately 189,000 square meters and is focused on commercial retail [2][3] - The Jiangmen Daluocheng project, located in the Pengjiang District of Jiangmen, Guangdong Province, has a total construction area of approximately 120,000 square meters and is also focused on commercial retail [3]

Group 1 - The company has initiated a special research project on public REITs for commercial real estate [1] - The company is evaluating its commercial assets that meet the issuance criteria [1] - The company will carefully assess the necessity, feasibility, and issuance path of related plans [1] Group 2 - The company will fulfill its information disclosure obligations in accordance with laws and regulations if there are significant matters [1]

Core Viewpoint - The Shanghai Stock Exchange has accepted the first batch of three public commercial real estate REITs for listing, indicating a significant development in the commercial real estate investment sector in China [1] Group 1: Project Details - The three accepted REITs are: 1. Huatai-PineBridge Shanghai Real Estate Closed-End Commercial Real Estate Securities Investment Fund 2. CICC Vipshop Closed-End Commercial Real Estate Securities Investment Fund 3. Huaan Jinjiang Closed-End Commercial Real Estate Securities Investment Fund [1] - All three funds are categorized under commercial real estate and are being filed for their initial public offering [1] Group 2: Original Rights Holders - The original rights holders for the respective funds are: 1. Shanghai World Expo Development (Group) Co., Ltd. 2. Shanshan Commercial Group Co., Ltd. 3. Shanghai Jinjiang Asset Management Co., Ltd. [1]

Group 1 - The core point of the announcement is the adjustment of the public REITs application plan for commercial real estate to ensure the project's successful issuance due to tight timelines [1][2][3] Group 2 - The underlying asset for the REITs has been adjusted from multiple buildings in Chengdu Maoye Center to specifically the C Tower office property [2] - The company will continue to advance the issuance of the commercial public REITs project and will consider market conditions for future asset developments [2] Group 3 - The adjustment of the application plan aims to ensure the progress of the project issuance and aligns with the long-term asset revitalization strategy of the company [3] - The adjustment will not impact the company's financial status or daily operations, nor will it harm the interests of minority shareholders [3]

Core Viewpoint - Maoye International (00848) announced the initiation of a public REITs issuance for commercial real estate, utilizing properties held by its wholly-owned subsidiary Chengshang Group Holdings and related party Chengdu Chongde Investment [1] Group 1: Announcement Details - The announcement was made on January 23, 2026, regarding the public REITs issuance plan [1] - The underlying assets for the REITs will include certain buildings located at No. 28 Tianfu Avenue North Section, High-tech Zone, Chengdu, subject to regulatory approval [1] Group 2: Adjustments to the Plan - Due to the tight timeline for the issuance, the management of Maoye Commercial, in consultation with intermediaries, decided to adjust the asset composition for the REITs [1] - The adjusted underlying asset will be the office property located at the C Tower of Chengdu Maoye Center, also at No. 28 Tianfu Avenue North Section, subject to regulatory approval [1] Group 3: Future Plans - The issuance of the commercial public REITs project will continue to progress, with the company planning to adapt its approach based on market conditions [1]

Core Viewpoint - Maoye International (00848) announced plans to issue public REITs for commercial real estate, utilizing properties held by its wholly-owned subsidiary Chengshang Group Holdings and related party Chengdu Chongde Investment [1] Group 1: Announcement Details - The announcement regarding the public REITs issuance was made on January 23, 2026, under announcement number 2026-004 [1] - The underlying assets for the REITs will include certain buildings located at No. 28 Tianfu Avenue North, High-tech Zone, Chengdu, subject to regulatory approval [1] Group 2: Adjustments and Future Plans - Due to the tight timeline for the REITs issuance, the company has made adjustments to the initial proposal after thorough discussions with intermediaries [1] - The adjusted underlying asset will now be the C Tower office property at the same location, owned by related party Chengdu Chongde Investment, pending regulatory approval [1] - The company will continue to advance the public REITs project and will consider market conditions for future asset developments related to public REITs [1]

Core Viewpoint - The company is focusing on strategic alignment and high-value industry integration targets to optimize its investment layout and mergers and acquisitions [1] Group 1: Strategic Initiatives - The company is screening high-quality targets with strong strategic synergy and high industry integration value [1] - The company has initiated a special research project on public REITs for commercial real estate, assessing its commercial assets that meet issuance conditions [1] Group 2: Future Plans - The company is carefully evaluating the necessity, feasibility, and issuance pathways of related proposals [1] - The company will fulfill its information disclosure obligations in accordance with laws and regulations if there are any significant matters in the future [1]

Core Viewpoint - Maoye Commercial Co., Ltd. has announced the initiation of a public offering for real estate investment trusts (REITs) focused on commercial properties [1] Group 1: REITs Announcement - The public REITs will utilize part of the buildings at Chengdu Maoye Center, located at No. 28 Tianfu Avenue North, Chengdu, as the underlying assets, subject to regulatory approval [1] - The product is tentatively named Huaxia Maoye Closed-end Commercial Real Estate Securities Investment Fund and will be issued on the Shanghai Stock Exchange [1] - Huaxia Fund will serve as the fund manager, while CITIC Securities will act as the special plan manager and financial advisor [1] Group 2: Expected Benefits - The issuance of the public REITs is expected to increase the company's net profit upon completion [1] - As an equity financing tool, the REITs will effectively activate existing assets, uncover the intrinsic value of mature commercial properties, optimize the capital structure, improve financial conditions, and reduce financial leverage [1]

Core Viewpoint - Maoye International (00848) is initiating a public REITs issuance for commercial real estate, leveraging its subsidiary Chengshang Group Holdings Limited and related party Chengdu Chongde Investment Co., Ltd. to enhance asset liquidity and broaden financing channels [1] Group 1: REITs Issuance - Maoye Commercial (600828) plans to use certain buildings in Chengdu as underlying assets for the public REITs issuance, subject to regulatory approval [1] - The company and its related party intend to jointly invest in the public REITs, subscribing to 34% of the total fund issuance amount [1] Group 2: Financial Impact - The public REITs initiative is expected to activate existing assets and attract social capital for new project investments [1] - As an equity financing tool, public REITs can uncover the intrinsic value of mature commercial properties, optimize the capital structure, improve financial conditions, and reduce financial leverage for Maoye Commercial [1]