Capital Juda Limited (“Pioneer Juda”) 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 major strategic shareholders are Ocean Group (stock code: 3377.HK) and KKR. With the outlet's new “big brand, low price, good environment, and full experience” leisure shopping model, and leveraging the strong momentum of Chinese consumption upgrading, Pioneers has successfully deployed 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 Jude will continue to lead the development of the Chinese outlet industry through three-dimensional operation and systematic replication and expansion of capital, resources, and assets! *Capital 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 line. Through comprehensive operation and mutual collaboration among 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. It takes “qualitative growth” as its business policy, and focuses on improved projects and projects that require rapid turnaround. Our parent 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.