Property Investment
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| Continuous rental income and long-term appreciation opportunities for quality properties
The Group is committed to building a high-quality property portfolio with premium residential and commercial properties in Hong Kong, Shenzhen, Zhuhai, and Shanxi, ensuring continuous rental income and long-term appreciation. In May 2024, the Group acquired all equity interests in Shanxi Meilianhang Property Management Co., Ltd. (“Meilianhang Property”) and its subsidiaries. Meilianhang Group operates properties across various provinces in China, including Shanxi, Hainan, Zhejiang, and Shanghai. This acquisition expands the Group's property sales agency and management business in mainland China, increasing its scale and diversifying its investment portfolio. Long-term, the Group stands to benefit from the appreciation of Meilianhang Group's properties.

| Shenzhen Investment Projects
The Group has invested in multiple real estate properties in Shenzhen, including the Donghai International Center, which consists of four main parts: office buildings, hotels, serviced apartments, and commercial space. It is the largest integrated building complex along Shennan Avenue in Shenzhen. The complex includes two office buildings, approximately 190 meters and 150 meters high; one hotel, approximately 100 meters high; two serviced apartment buildings, approximately 300 meters and 255 meters high; and approximately 65,365 square meters of commercial space.

| Zhuhai Investment Projects
The Group also has real estate investments in Zhuhai, including the Hengqin Financial Island, located in the core area of the financial and headquarters economy zone of the Guangdong-Macao In-Depth Cooperation Zone. The project has 69 floors above ground, covering approximately 140,000 square meters, encompassing diverse business formats including offices, commercial spaces, convention centers, and supporting facilities; and 4 underground floors, covering approximately 80,000 square meters, equipped with 1,531 parking spaces. As a leading project in the financial industry of the Shizimen Central Business District, Hengqin IFC shoulders the mission of helping Macao build an international financial hub.

| Shanghai Investment Projects
Shanghai - Fortune Seaview Garden

| Zhejiang Province Investment Projects
Zhoushan-Dongsha Resort, Zhejiang

| Hainan Province Investment Projects
Maritime metropolis
| Shanyuan Five-Needle Project in Changzhi City, Shanxi Province
Shanyuan Wuzhen is located on Wuzhen Street in Luzhou District, the center of Changzhi City, Shanxi Province. It is only 5 minutes away from the West Bus Station commercial area and about 10 minutes away from the Shizijie commercial area. The project has a total construction area of 77,186.25 square meters and a commercial area of 1,018.80 square meters. It is a truly low-density, high-quality, upscale, park-like community project. Midland Realty Changzhi Company serves 457 households, with a service area of 57,197.81 square meters.
| Century Yilongwan West District Project, Changzhi City, Shanxi Province
The Century Yilong Bay West District project is located at No. 171 Zhanqian Road, Luzhou District, Changzhi City, Shanxi Province. Meilianhang Changzhi Company serves 1,890 homeowners, with a service area of 228,112.85 square meters.
| Shanyuan Lakeside Project, Changzi County, Changzhi City, Shanxi Province
Shanyuan Hubin is located at the intersection of Hubin West Road and Lugu Street in Changzi County, Changzhi City, Shanxi Province. With a residential building area of approximately 140,000 square meters, it is a large-scale residential community with a beautiful environment, suitable for living, and intelligent management. Midland Realty's Changzi subsidiary serves 1,256 households, with a service area of 147,561.55 square meters.
| Century City Project in Changzi County, Changzhi City, Shanxi Province
Century City is located on Cilin East Street, Changzi County, Changzhi City, Shanxi Province. It serves 844 households with a service area of 101,676.48 square meters.
| Century Garden Project in Changzi County, Changzhi City, Shanxi Province
Century Garden is located 160 meters northeast of the intersection of Shennong Road and Cilin East Street in Changzi County, Changzhi City, Shanxi Province. It serves 669 households with a service area of 90,675.55 square meters.
| Century Garden Project, Changzi County, Changzhi City, Shanxi Province
Century Garden is located 220 meters west of the intersection of Danzhu East Street and Shennong Road in Changzi County, Changzhi City, Shanxi Province. It serves 106 households with a service area of 15,094.07 square meters.