• Midea Real Estate clarified that a new parking-space leasing business drives the increase in proposed commercial property leasing caps from 2027.
• Proposed annual caps are RMB 30 million for 2027 and 2028, rising to RMB 31 million for 2029.
• The business involves leasing approximately 10,000 unsold parking spaces from Midea Construction Group for operation and subleasing to third parties.
• Annual parking-space lease payments are estimated at RMB 20 million, with actual amounts varying based on expected operating income.
• Lease payments will be recognized as expenses rather than right-of-use assets; annual caps reflect expected aggregate payments.

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. Midea Real Estate Holding 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-20261112-12410500), on November 12, 2026, and is solely responsible for the information contained therein.