Announcement on the Early Termination of the Share Reduction Plan by the Controlling Shareholder and the Results of the Share Reduction

Meihao Real Estate Group Co., Ltd. (hereinafter referred to as "the Company") disclosed the "Pre-Disclosure Announcement on the Share Reduction by the Controlling Shareholder" (Announcement No. 2022-39) on November 17, 2022. The Company's controlling shareholder, Meihao Future Enterprise Management Group Co., Ltd. (hereinafter referred to as "Meihao Group"), planned to reduce its holdings of the Company's shares by no more than 60 million shares (not exceeding 2.43% of the Company's total share capital) through centralized bidding and/or block trading within six months after the announcement of the reduction plan. On March 18, 2023, the Company disclosed the "Progress Announcement on the Share Reduction Plan of the Controlling Shareholder" (Announcement No. 2023-06) in designated media. Recently, the Company received a notice from the shareholder Meihao Group regarding the early termination of the reduction plan. Based on its financial arrangements and recognition of the Company's value, Meihao Group decided to terminate this reduction plan early. As of the date of this announcement, Meihao Group has reduced its holdings by 23.02 million shares through centralized bidding, accounting for 0.93% of the Company's total shares. The relevant situation is announ