Poly Property unit Poly Shandong wins RMB 12.67 million Beijing renovation project management contract from China Crafts

• Poly Property unit Poly Shandong won a public tender to manage renovation of Beijing’s China Arts and Crafts Building.
• Project management services agreement signed Aug. 25, 2026 with China Crafts for RMB 12.67 million, subject to incentives and penalties.
• Final fee is capped at RMB 15.58 million under performance-linked adjustments tied to cost savings and delivery timing.
• Work covers renovation and fit-out of a 36,198-square-meter property at 101 Fuxingmen Inner Street in Beijing’s Xicheng district.
• Deal classified as a connected transaction; China Poly controls both China Crafts and about 48.09% of the group’s shares.

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. Poly Property Group Co. Limited 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-20260825-12297917), on August 25, 2026, and is solely responsible for the information contained therein.