About CAPITAL GRAND Company

Capital Real Estate Limited (“Capital Real Estate”) is listed on the main board of the Hong Kong Stock Exchange (stock code: 1329.HK). It is the only listed company in China with outlets as its core business. It is also positioned as the only commercial real estate platform under Capital Real Estate Co., Ltd. (“Capital Real Estate”, the controlling shareholder of the Company). The first and largest strategic shareholders include Ocean Group (stock code: 3377.HK) and KKR. With the outlet's new “big brand, low price, good environment, full experience” casual shopping model, and taking advantage of the strong momentum of China's consumption upgrade, Pioneer Juda has successfully deployed to 14 cities in Beijing, Huzhou, Wanning, Kunshan, Hangzhou, Nanchang, Wuhan, Zhengzhou, Jinan, Hefei, Xi'an, Chongqing, Kunming and Changsha. With the corporate vision of “becoming the most valuable integrated outlet operator in China”, Pioneer Juda will continue to lead the development of China's outlet industry through three-dimensional operation and systematic replication and expansion of capital, resources, and assets! *Pioneer Real Estate (stock code: 2868.HK) is one of the leading integrated real estate operators in China. The company is committed to becoming the most valuable integrated real estate operator in China, with residential development, outlet complexes, urban core complexes and first-level land development as its core business lines. Through integrated operation and mutual collaboration between various business lines, the company builds core competitiveness and achieves differentiated competition and scale improvement. The company focuses on the six core cities of Beijing, Shanghai, Shenzhen, Tianjin, Chongqing and Chengdu, with “quality growth” as its business policy, and focuses on improved projects and quick-turnover projects that are just needed. The parent company of the company is Capital Group, which is supervised by the Beijing Municipal State-owned Assets Administration Commission and is one of the largest state-owned group companies in Beijing.