China Merchants Property Operation & Service Co., Ltd. announced a private placement of common shares for the gross proceeds of not more than CNY 300,000,000 on June 4, 2024. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction has been approved by the shareholders of the company in the 20th meeting of the 10th board of directors.