Group 1 - The China International Capital Corporation (CICC) has received approval from the China Securities Regulatory Commission (CSRC) for the registration of the CICC Vipshop Outlet Closed-End Infrastructure Securities Investment Fund (referred to as "CICC Vipshop Outlet REIT") [1] - CICC Vipshop Outlet REIT represents a significant exploration in the domestic capital market by Vipshop, a leading brand discount e-commerce platform in China, utilizing high-quality outlet assets to provide a quality sample for the continuous expansion of consumer infrastructure REITs [1] - Vipshop, listed under the stock code "VIPS," is recognized as a major player in the brand discount e-commerce sector, focusing on "brand flash sale" discount products, and has built a large loyal consumer base and strong brand partnerships over more than a decade [1] Group 2 - The first infrastructure asset intended for investment by CICC Vipshop Outlet REIT is the Shijie Outlet project located in Ningbo, which consists of three phases with a total construction area of approximately 104,300 square meters and a commercial building area of about 83,300 square meters [2] - The Shijie Outlet project has been in stable operation for over 13 years since its opening in 2011 and is considered a representative of high-quality outlet assets within the Shanshan Commercial system [2] - The project is strategically located near Ningbo Lishe Airport, with convenient transportation and a strong customer gathering ability, maintaining an average annual compound growth rate of 8.70% in operating income from 2022 to 2024, and a rental occupancy rate of over 97% [2]

Group 1 - The core viewpoint of the news is the significant relocation of the Shanshan Commercial Group headquarters to the Ningbo Center Building, marking a new chapter for the headquarters economy in Ningbo, which is now home to Zhejiang's tallest building at 409 meters [1][7][21] - Shanshan Commercial Group is a leader in the outlet industry in China, with over a decade of experience and operations in 19 cities, achieving annual sales exceeding 20 billion yuan [4][6] - The relocation to the Ningbo Center Building is a strategic move that aligns with the company's goals, leveraging the building's global vision and top-tier facilities to enhance resource integration and promote urban consumption upgrades [7][11] Group 2 - The Ningbo Center Building is a key project in the Eastern New City CBD, gathering numerous dynamic enterprises with a combined annual output value exceeding 10 billion yuan, contributing to the formation of a "headquarters + industrial chain" ecosystem [11][15] - The building features advanced design and hardware, including a 1,200 square meter lobby inspired by a "lotus" design, and high-efficiency systems such as 53 Hitachi elevators, making it a benchmark for global office standards [17][19] - With the entry of major companies like Shanshan Commercial Group, the Ningbo Center Building is transforming into an economic engine for high-quality development in the Yangtze River Delta region [15][21]