China Resources Land Limited has formally established an Executive Committee to accelerate day-to-day decision-making and reinforce internal controls, according to the firm’s updated Terms of Reference approved by its board of directors on 10 June 2026.

Key governance points • Constitution & Membership: The committee comprises all executive directors, with a chairman appointed by the board. Meetings will be held at least annually, and a quorum requires three members. Written resolutions signed by a majority, including the chairman, carry the same authority as physical meetings. • Authority: The committee may obtain any information from employees, engage external advisers, and conduct investigations within its remit. • Reporting: Resolutions must be reported to the board quarterly.

Core responsibilities and limits Within the board-approved annual budget, the committee can authorise: 1. Development-and-sales property acquisitions of up to 2.5 % of the group’s latest audited net assets per transaction, or mergers, acquisitions and urban-redevelopment projects costing below RMB5.00 billion. 2. Investment property and lease deals up to RMB2.00 billion per project. 3. Asset-light management-fee projects (excluding CR Mixc Lifestyle) with consideration below RMB500.00 million, including termination of management-right agreements. 4. Buybacks and exits, including asset securitisations, where the equity consideration per project is under RMB5.00 billion. 5. Public REITs, quasi-REITs and private equity fund transactions with asset packages or single-project entries below RMB5.00 billion. 6. Major renovation capex and rental reductions for investment properties exceeding RMB10.00 million each. 7. Disposal of equity assets with book and appraised values under RMB5.00 billion or individual asset values below RMB300.00 million. 8. Asset impairment provisions of at least RMB50.00 million and write-offs for single assets valued above RMB5.00 million.

Capital management powers • Approval to register and issue onshore and offshore bonds, and to conduct other debt financing within the board-set asset-liability targets. • Authorisation of external payments up to 5 % of the five prescribed size tests, including single out-of-budget disbursements starting at RMB500.00 million and reallocations within budget from RMB3.00 billion. • Permission to establish sub-funds in the headquarters’ fund pool and to arrange non-financial guarantees, performance bonds, and intercompany loans, provided Listing Rules disclosure thresholds are not breached.

Strategic and operational oversight The committee will oversee performance contracts for headquarters, regional units and business divisions; sanction land swaps, property-use changes, and exits from non-core businesses; and approve whole-process management consulting or entrusted management exports outside CR Mixc Lifestyle’s scope.

China Resources Land’s board expects the Executive Committee to streamline approvals and enhance governance rigor while maintaining flexibility for transactions and financing activities within predefined risk limits.