Group 1 - Shoucheng Holdings (00697) announced that its subsidiary, Shoucheng Jicheng, participated in the management of Beijing Pingzhun Infrastructure Real Estate Equity Investment Fund, which invested in the Huaxia CapitaLand Commercial REIT [1] - This investment aims to enrich consumer scenarios, optimize the consumption environment, and promote the upgrading of resident consumption, thereby stimulating consumption momentum and contributing positively to the development of service consumption and high-quality economic growth [1] Group 2 - CapitaLand Mall Asia Limited's controlling shareholder is CapitaLand Investment, a leading diversified real estate group in Asia [2] - Huaxia CapitaLand Commercial REIT is backed by high-quality assets such as Changsha CapitaLand Plaza and Guangzhou CapitaLand Plaza, showcasing excellent asset quality and sustainable operational capabilities [2] - The successful listing of Huaxia CapitaLand Commercial REIT marks CapitaLand Mall Asia's first public REIT in China, expanding its REIT management platform and solidifying its leading position in the Asia-Pacific REIT management sector [2] - The group plans to continue increasing investments in China's core smart infrastructure real estate sector, leveraging its first-mover advantage in the REITs field and collaborating with leading international REIT management institutions to enhance infrastructure asset-related business [2]

Core Viewpoint - Shoucheng Holdings (00697) announced its investment in the Zhongjin Vipshop Outlets Closed-End Infrastructure Securities Investment Fund (Zhongjin Vipshop Outlet REIT), managed by its subsidiary, Shoucheng Jicheng, which aims to revitalize existing assets and promote consumer upgrades and domestic demand expansion [1] Investment Details - The investment is part of the Beijing Pingzhun Infrastructure Real Estate Equity Investment Fund Partnership (Limited Partnership), which is expected to inject new momentum into the development of consumer infrastructure [1] - The Zhongjin Vipshop Outlet REIT is based on the Shanjing Outlets project in Ningbo, Zhejiang Province, recognized for its high asset quality and sustainable operational capabilities, making it a benchmark project in the domestic outlet sector [1] Economic Impact - The successful listing of the Zhongjin Vipshop Outlet REIT is anticipated to introduce long-term capital into consumer infrastructure, providing quality scenarios for consumer upgrades and contributing to the expansion of domestic demand and dual circulation [1] - This initiative is also expected to stabilize and invigorate the capital market, aiding in the continuous recovery of the national economy [1] Future Strategy - The company plans to continue increasing its investment in China's core intelligent infrastructure real estate sector, leveraging its first-mover advantage in the REITs field and enhancing collaboration with leading domestic commercial operators and industry players [1] - The focus will be on the efficient revitalization and value enhancement of infrastructure assets [1]