• Guangzhou R&F Properties' final proceeds from selling its 33.34% joint-venture stake rose to RMB 283 million from RMB 160 million.
• The adjustment reflected 33.34% of an approximately RMB 369 million corporate income tax refund received by the target following completion.
• Final consideration matched the stake's independently appraised value of approximately RMB 283 million as of April 30, 2026.
• The disposal provided a complete exit from the venture, whose outstanding tax liabilities were settled shortly following completion.
• Sale proceeds provided immediate operating cash amid the group's liquidity constraints.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Guangzhou R&F Properties Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261022-12379467), on October 22, 2026, and is solely responsible for the information contained therein.