China State Construction Engineering Corporation announced that its subsidiary, China Overseas, invested in the real estate development project at No. Hong Kong Road, Nanshan District, Shenzhen, with a total land area of approximately 0.0386 million square meters and a total building area of approximately 0.263 million square meters. The land transfer price is 18.512 billion yuan. China Overseas and Shenzhen Run Investment Consulting Co., Ltd. jointly formed a consortium with a 50%:50% equity ratio to establish a project company for the cooperative development of this project.