Group 1 - The average occupancy rate of the office portfolio for China Merchants Commercial REIT was 82.1% in Q2, with an overall property occupancy rate of 85.3% [1] - The leasing market is affected by a persistent oversupply, leading to high vacancy rates in the office market, prompting landlords to lower rents as a competitive strategy [1] - The rental price for China Merchants Hanghua Science and Trade Center was adjusted from RMB 224.7 per square meter to RMB 219.3 per square meter, resulting in a significant occupancy rate increase from 70% to 92.2%, a rise of 22.1 percentage points [1] Group 2 - The occupancy rate of Shenzhen Net Valley's Grade B office buildings, including Digital Plaza, decreased by 10.5 percentage points to 89.5%, with rental prices dropping from RMB 123.1 per square meter to RMB 120.9 per square meter [2] - Despite the decline, the operational performance of the Grade B offices remains above the average level of the Shenzhen office leasing market [2] - The Garden City Shopping Center showed strong performance, with occupancy rising from 95.9% to 97.9%, indicating positive operational conditions based on various metrics [2]