Zhitong Finance App News, Poly Development (600048.SH) announced that the sale of Huaxia Poly Commercial REIT was completed on July 21, 2026, and listed on the Shanghai Stock Exchange on November 12, 2026. The total share of the Huaxia Poly Commercial REIT Fund is 500 million shares, the sale unit price is RMB 3,593 per share, and the net amount of capital raised by the fund is RMB 1,796 million; when combined with interest during the fundraising period, the total amount of capital raised by the fund is RMB 1,797 million.

The commercial real estate entered this time refers to the Guangzhou Poly Center office project held by Guangzhou RuiTech at No. 5 Linjiang Avenue, Tianhe District, Guangzhou, and the Foshan Poly Shuicheng Shopping Center project held by Baocheng, Foshan, at No. 20 Denghu West Road, Guicheng Street, Nanhai District, Foshan City, Guangdong Province.

The development of commercial real estate REITs helps the company to effectively revitalize its commercial real estate assets, promote the company's virtuous cycle of investment in the commercial real estate sector, promote the continuous healthy and smooth operation of commercial real estate projects, and enhance the company's ability to operate sustainably.

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