Joy City announced that the company used the holding subsidiary COFCO Real Estate Investment Co., Ltd. as the original shareholder to carry out the commercial real estate REITs declaration and issuance process with assets held by its wholly-owned subsidiary Joy City Co., Ltd. The matter has been reviewed and approved by the board of directors of the company and the first extraordinary shareholders' meeting in 2026. A letter of no objection was issued by the Shenzhen Stock Exchange, and registration approval was granted by the China Securities Regulatory Commission on November 3, 2026. The total share raised by the fund is 1 billion shares. The fundraising period must be completed within 6 months from the date the approval is issued, and the fundraising period is no more than 3 months from the date of sale. The current REITs issuance and listing still need to complete the recruitment, issuance, and listing application procedures.

Joy City announced that the company used the holding subsidiary COFCO Real Estate Investment Co., Ltd. as the original shareholder to carry out the commercial real estate REITs declaration and issuance process with assets held by its wholly-owned subsidiary Joy City Co., Ltd. The matter has been reviewed and approved by the board of directors of the company and the first extraordinary shareholders' meeting in 2026. A letter of no objection was issued by the Shenzhen Stock Exchange, and registration approval was granted by the China Securities Regulatory Commission on November 3, 2026. The total share raised by the fund is 1 billion shares. The fundraising period must be completed within 6 months from the date the approval is issued, and the fundraising period is no more than 3 months from the date of sale. The current REITs issuance and listing still need to complete the recruitment, issuance, and listing application procedures.