Core Viewpoint - Spring Springs Industrial Trust (01426) reported that the average rental rate for Huamao Property in the fourth quarter is approximately RMB 339 per square meter, a decrease of 0.9% compared to the previous quarter, while the average occupancy rate increased by 3 percentage points to about 87% [1] Group 1: Huamao Property Performance - The average monthly rental for Huamao Property is RMB 339 per square meter, down 0.9% from the previous quarter [1] - The average occupancy rate for Huamao Property is approximately 87%, up 3 percentage points from the previous quarter [1] - The occupancy rate is expected to reach about 90% by December 31, 2025 [1] Group 2: Huizhou Property Performance - Spring Springs Industrial Trust acquired 68% of Huizhou Property on September 28, 2022 [1] - The average monthly rental for Huizhou Property is RMB 170 per square meter, with fixed rent at RMB 149 per square meter and variable rent at RMB 21 per square meter, reflecting a 1.8% increase from the previous quarter [1] - The average occupancy rate for Huizhou Property is approximately 98%, up 1 percentage point from the previous quarter [1] - The total leasable area of Huizhou Property is 102,859 square meters, subject to change based on tenant needs [1]

Group 1 - The average monthly rent for Huamao Property is RMB 347 per square meter, a decrease of 0.6% compared to the previous quarter, with an average occupancy rate of approximately 86%, remaining stable from the previous quarter [1] - The company completed the acquisition of 68% equity in Huizhou Property on September 28, 2022 [1] - The average monthly rent for Huizhou Property is RMB 168 per square meter, which includes a fixed rent of RMB 153 per square meter and a variable rent of RMB 15 per square meter, showing an 11.1% decrease from the previous quarter, with an average occupancy rate of approximately 95%, an increase of 4 percentage points from the previous quarter [1] Group 2 - The total leasable area of Huizhou Property is 102,900 square meters, which may change due to tenant requirements [1]