9940 Sinyi: Announcement of Subsidiary Board Resolution on Cash Capital Reduction

Disclosure Date: 1150623 Statement Date: 1150622 Statement Time: 144418 Company Code: 9940 Company Name: Sinyi Subject: Announcement on Board Resolution of Subsidiary Regarding Cash Capital Reduction Compliance Clause: Item 11 Event Date: 1150622

Details: 1. Board Resolution Date: 115/06/22 2. Reason for Reduction: In alignment with group capital planning, Jiuxin Properties (Wuxi) Co., Ltd., an indirectly 100%-owned subsidiary, will conduct a cash capital reduction to return capital to shareholders. 3. Amount Reduced: USD 15,000 (in thousands) 4. Shares Eliminated: Not applicable 5. Capital Reduction Ratio: 10.20% 6. Capital After Reduction: USD 132,000 (in thousands) 7. Scheduled Shareholders' Meeting Date: 115/06/22 8. Estimated Number of Listed Common Shares After Reduction: Not applicable 9. Ratio of Listed Common Shares to Issued Common Shares After Reduction: Not applicable 10. Measures for Low Liquidity if Listed Shares Below 60 Million or 25%: Not applicable 11. Capital Reduction Benchmark Date: Not applicable

12. Other Disclosures: (1) Jiuxin Properties (Wuxi) Co., Ltd. will conduct a cash capital reduction of USD 15,000 thousand, transferring funds to its 100%-owned parent, Sinyi Real Estate (Hong Kong) Limited. Sinyi Real Estate (Hong Kong) Limited will then conduct an equivalent cash reduction, transferring funds to its 100%-owned parent, Sinyi Estate Ltd. Sinyi Estate Ltd. will also conduct an equivalent cash reduction, transferring funds to its 100%-owned parent, Sinyi International Limited, for consolidated group capital utilization. (2) Jiuxin Properties (Wuxi) Co., Ltd., Sinyi Real Estate (Hong Kong) Limited, and Sinyi Estate Ltd. are all significant subsidiaries of the company. The capital reductions are part of the same event, with identical board resolution and shareholders' meeting dates, hence announced collectively for investor clarity. (3) Sinyi Real Estate (Hong Kong) Limited: 15,000 thousand shares eliminated; reduction ratio: 10.20%; capital after reduction: USD 132,010 thousand; benchmark date: not applicable. (4) Sinyi Estate Ltd.: 15,000 thousand shares eliminated; reduction ratio: 10.10%; capital after reduction: USD 133,510 thousand; benchmark date: not applicable. (5) Plan for Issuance of New Shares: Not applicable (6) Benchmark Date for New Share Issuance: Not applicable (7) Share Transfer Suspension Start Date: Not applicable (8) Share Transfer Suspension End Date: Not applicable (9) Rights and Obligations of New Shares After Reduction: Same as before reduction. (10) Expected Listing Date of New Shares: Not applicable