Announcement on Provision for Asset Impairment for the Year 2025

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete without false records, misleading statements, or major omissions.

Shenzhen Property Development (Group) Co., Ltd. (hereinafter referred to as the "Company") On March 27, 2026, the 5th meeting of the 11th Board of Directors was held, and the "Customs Regulations" were reviewed and approved The proposal to reduce various asset impairment provisions is being considered, and asset provisions for 2025 will be made

The specific details of the impairment provision are announced as follows:

1. Overview of the asset impairment provision made this time To more objectively and fairly reflect the company's financial status and asset value, according to the "Enterprise" Regulations, The requirements of the 'Accounting Standards' and relevant company accounting policies, combined with the actual operating conditions of the enterprise and asset status. Adhering to the principle of prudence, the company will make a total asset impairment provision for 2025 424.5141 million yuan, with the consolidated statements offsetting 412.2086 million yuan, affecting the company for the year 2025 The impact amount of consolidated gross profit is -12.3055 million yuan, with detailed details as follows:

Unit: 10,000 yuan Asset impairment provision for the company's consolidated financial statements Project Provision Amount: Total Profit Amount Impact

(1) Provision for credit impairment of receivables