Ryan Property: Entering into a cooperation agreement with China Life Trust constitutes a connected transaction

Ryan Property announced that the company has entered into a cooperation agreement with China Life Trust to establish a joint venture for equity transfer and holding project assets. The joint venture will hold 99% of the project company’s equity. The company, through Ryan General Partner and Shanghai Ryan, owns a 40.5% partnership interest in the joint venture. This transaction constitutes a connected transaction under Chapter 14A of the Listing Rules but will not have a significant impact on the Group’s financial statements.