Shenzhen Overseas Chinese Town announced in the evening that its wholly-owned subsidiary, Wuhan Tianchuang Real Estate Co., Ltd. (hereinafter referred to as 'Tianchuang Company'), has approximately 105.32 acres of land located in the Yangchun Lake high-speed rail business district in Hongshan District, Wuhan. The original plan was to develop a high-end industrial agglomeration as a metro-covered TOD project (referred to as 'TOD project'). Considering the industrial investment attraction and real estate market situation, the government intends to reserve the TOD project land through a coordinated approach of 'reserve, adjust, and supply', changing the construction indicators from primarily commercial offices with residential support to primarily residential with commercial offices secondary, with the adjusted land being publicly auctioned. After the land reservation and planning adjustment, the land supply process will begin, with the area supplied being equal to the area reserved, and the land transfer price will be reassessed based on the adjusted indicators. Subsequently, Tianchuang Company plans to participate in the bidding for the adjusted land through public auction. Meanwhile, the TOD project has completed planning adjustment verification and was publicly announced online on October 21, 2024, completing the announcement on November 19, 2024, and is ready for adjustment conditions.