Urban construction development announcement. The 39th meeting of the 9th board of directors of the company deliberated and passed a bill on cooperating with related parties to invest in real estate projects. The company plans to form a consortium with Beijing Housing Real Estate Development Co., Ltd. with an equity ratio of 50%: 50% to participate in the pre-sale application and bid for R2 Class II residential land in the CP02-0405-0002 plot in Dongxiaokou Town, Changping District. The total amount of land prices paid for the project and subsequent development and construction capital shall not exceed 10 billion yuan, of which the company's total loan amount shall not exceed 5 billion yuan. The bill still needs to be submitted to the company's first extraordinary shareholders' meeting in 2026 for consideration.

Urban construction development announcement. The 39th meeting of the 9th board of directors of the company deliberated and passed a bill on cooperating with related parties to invest in real estate projects. The company plans to form a consortium with Beijing Housing Real Estate Development Co., Ltd. with an equity ratio of 50%: 50% to participate in the pre-sale application and bid for R2 Class II residential land in the CP02-0405-0002 plot in Dongxiaokou Town, Changping District. The total amount of land prices paid for the project and subsequent development and construction capital shall not exceed 10 billion yuan, of which the company's total loan amount shall not exceed 5 billion yuan. The bill still needs to be submitted to the company's first extraordinary shareholders' meeting in 2026 for consideration.