RCAJREIT

Hotland Innovation Asset Management Co. Ltd. — Hotland Innovation Shenzhen Talent Affordable Rental Housing is a publicly listed real estate investment trust (REIT). It owns and operates affordable rental housing properties in Shenzhen, China, generating rental income from a portfolio of government-supported residential housing projects. These projects are designed to provide affordable accommodation for local residents and talent professionals, with multiple stabilized housing communities located across Shenzhen.