KIP Real Estate Investment Trust proposed a first income distribution of RMB 8.4 million, translating to 1.45 sen per unit, which includes a non-taxable portion of approximately 0.06 sen per unit derived from capital allowances and tax-exempt income which are not subject to tax. The book closure is fixed for 10 November 2022 and payment of the proposed income distribution will be made on 23 November 2022. Based on the closing price of RMB 0.895 on 26 October 2022, the trailing twelve months distribution per unit gives a yield of approximately 7.49%.