Group 1 - The core point of the announcement is the significant decline in the operating performance of the infrastructure projects held by the fund, with a 20.63% year-on-year decrease in main business income for Q3 2025, totaling 20.77 million yuan [1][5] - The overall occupancy rate of the infrastructure assets as of September 30, 2025, was 74.78%, down 8.11% from the same period last year, although it showed a quarter-on-quarter increase of 2.92% [1][2] - The average rental price for the infrastructure projects was 57.43 yuan per square meter per month, reflecting a 7.25% decrease compared to the previous year [1][2] Group 2 - The decline in performance is attributed to increased competition in the regional market, with the average rental price in Wuhan's industrial parks at 46 yuan per square meter per month and an average vacancy rate of about 30% [2][3] - The introduction of new research and office buildings in the area has intensified competition, with several new properties coming online within a 2-kilometer radius of the fund's projects [2][3] - The project company has adopted flexible pricing strategies to cope with market changes, resulting in a total signed area of 15,908.33 square meters for lease agreements in Q3 2025 [3][4] Group 3 - The fund's operating income for Q3 2025 was only 67.41% of the projected income for the year as per the 2024 annual assessment report, due to tenant turnover and lower-than-expected absorption of vacant space [5][6] - Measures have been taken to protect investor interests, including enhancing leasing efforts and actively engaging with potential tenants [6][7] - The fund management is focusing on optimizing park operations and improving asset value through various strategies, including tailored space solutions for tenants and monitoring rental payment situations [6][7]

Core Viewpoint - The announcement details the third dividend distribution for the China International Capital Corporation (CICC) Fund Management Co., Ltd. regarding the CICC Shandong High-Speed Railway Infrastructure Securities Investment Fund for the year 2025 [1] Summary by Sections Dividend Announcement - The dividend distribution is the third for the year 2025, with the income distribution base date set for June 6 [1] - The specific dividend plan indicates that the CICC Shandong High-Speed Railway REIT (code: 508007) has a distribution amount of 1.20 yuan per 10 shares [1] Dividend Eligibility and Payment - The beneficiaries of this dividend are all fund shareholders registered on the equity registration date of September 23 [1] - The cash dividend payment date is scheduled for September 29 [1] Tax and Fees - The fund's income distribution method is cash dividends, and reinvestment of dividends is not supported [1] - According to regulations from the Ministry of Finance and the State Administration of Taxation, the fund's income distributed to shareholders is exempt from income tax, and there are no dividend distribution fees [1]

Group 1 - The public REITs announced a distribution of RMB 47,800,000, which accounts for approximately 99.89% of the undistributed available amount as of the distribution base date [1] - The available distribution amount is calculated based on the net profit from the consolidated financial statements, adjusted to EBITDA, considering factors like project sustainability and cash flow [2] - The total available distribution amount from January 1, 2025, to June 30, 2025, is RMB 96,852,150.64, with RMB 49,000,000.67 already distributed, leaving RMB 47,852,149.97 undistributed [2] Group 2 - The distribution period is from September 19, 2025, to September 23, 2025, during which cross-system transfer business will be suspended [1] - Fund shares purchased on the record date will be entitled to the distribution, while those sold on the same day will not [1]

Group 1: Fund Overview - The fund holds infrastructure assets including the Guanggu Software Park and the Internet+ project, both located in Wuhan's Guanggu High-tech Zone, which are part of the core properties in the Guanggu Optoelectronic Information Industry Park [1][3]. Group 2: Operating Performance - As of June 30, 2025, the overall rental collection rate for the infrastructure assets was 91.84%, a decrease of 4.45% year-on-year, with the Guanggu Software Park at 96.89% (up 1.72%) and the Internet+ project at 66.28% (down 34.91%) [3]. - The overall occupancy rate for the infrastructure assets was 72.66%, down 17.28% year-on-year, and the average rental price was 59.90 yuan per square meter per month, down 3.73% year-on-year [2][3]. Group 3: Revenue Analysis - The total revenue for the second quarter of 2025 was 20.83 million yuan, a year-on-year decrease of 24.04% compared to the second quarter of 2024 [2]. - By mid-2025, the operating revenue was only 46.15% of the forecasted revenue for the entire year as per the 2024 evaluation report, primarily due to tenant turnover and slower absorption of vacant space in the Guanggu Software Park [7]. Group 4: Market Conditions - The regional market for industrial parks is under pressure, with an average rental price of 47 yuan per square meter per month and an average vacancy rate of about 25% in Wuhan's industrial parks as of the second quarter of 2025 [4]. - Increased competition from both existing and newly developed office buildings in the area has led to significant fluctuations in occupancy rates [4]. Group 5: Strategic Responses - The fund management has implemented flexible pricing strategies to attract more clients, adjusting rental prices for renewals and new leases to maintain a balance between rental income and occupancy rates [5]. - Measures taken include proactive communication with potential clients, renovation of rental spaces to meet diverse business needs, and monitoring of rental payment statuses to ensure asset income security [8][9].

Group 1 - The public REITs announced a distribution of approximately RMB 49 million, which accounts for about 99.88% of the available distributable amount as of the distribution benchmark date [1][2] - The distributable amount is calculated based on the net profit of the fund's consolidated financial statements, adjusted to EBITDA, considering factors such as the project's sustainability, debt repayment capacity, and operating cash flow [2] - The fund's available distributable amount from January 1, 2025, to March 31, 2025, is RMB 49,059,769.97 after adjustments [2] Group 2 - The distribution period is from June 19, 2025, to June 23, 2025, during which cross-system transfer of custody business will be suspended [1] - Fund shares purchased on the record date will be entitled to the distribution, while those sold on the same day will not [1]