Yuexiu Property Co., Ltd. announced that on July 9, 2024, a consortium formed by its subsidiary Hangzhou Yealotte Investment Co., Ltd. and Beijing Urban Construction Investment and Development Co., Ltd. successfully bid for the H2-17 plot in Changbai Community, Yangpu District, Shanghai for RMB 2.2 billion 30.23 million. Hangzhou Yealotte holds 95% of the equity of the consortium and plans to jointly establish a project company with the partner to develop the site. The site covers an area of ​​approximately 13,798.77 square meters with a total construction area of ​​approximately 50,104.8 square meters, mainly for residential development, and the property is expected to be sold. The location of the site is convenient for transportation and adjacent to many public facilities. The board of directors believes that this acquisition will help increase the company's land reserves and consolidate its strategic position in Shanghai.

Yuexiu Property Co., Ltd. announced that on July 9, 2024, a consortium formed by its subsidiary Hangzhou Yealotte Investment Co., Ltd. and Beijing Urban Construction Investment and Development Co., Ltd. successfully bid for the H2-17 plot in Changbai Community, Yangpu District, Shanghai for RMB 2.2 billion 30.23 million. Hangzhou Yealotte holds 95% of the equity of the consortium and plans to jointly establish a project company with the partner to develop the site. The site covers an area of ​​approximately 13,798.77 square meters with a total construction area of ​​approximately 50,104.8 square meters, mainly for residential development, and the property is expected to be sold. The location of the site is convenient for transportation and adjacent to many public facilities. The board of directors believes that this acquisition will help increase the company's land reserves and consolidate its strategic position in Shanghai.