Yuexiu Property Co., Ltd. announced on September 30, 2024, that its subsidiary, Guangzhou Yuexiu Huacheng Real Estate Development Co., Ltd., successfully won the bid for the Yixin Road plot in Baiyun District, Guangzhou, for a total of 980,060,000 yuan. The total land area of the plot is approximately 47,404 square meters, with a planned total construction area of approximately 65,619 square meters, including a calculated volume construction area of approximately 46,715 square meters, designated for residential use. Yuexiu Huacheng plans to develop the residential properties on this plot for sale. In addition, the plot will include the construction of municipal roads, green spaces, service facilities, and land for primary and secondary schools, which will be transferred to relevant government departments free of charge upon completion. The prime location of the plot, near the Tianhe and Yuefu projects, along with favorable regional conditions and mature living facilities, make it an attractive investment. The board of directors believes that acquiring this plot will increase the company's high-quality land reserves and help solidify its strategic position in Guangzhou.

Yuexiu Property Co., Ltd. announced on September 30, 2024, that its subsidiary, Guangzhou Yuexiu Huacheng Real Estate Development Co., Ltd., successfully won the bid for the Yixin Road plot in Baiyun District, Guangzhou, for a total of 980,060,000 yuan. The total land area of the plot is approximately 47,404 square meters, with a planned total construction area of approximately 65,619 square meters, including a calculated volume construction area of approximately 46,715 square meters, designated for residential use. Yuexiu Huacheng plans to develop the residential properties on this plot for sale. In addition, the plot will include the construction of municipal roads, green spaces, service facilities, and land for primary and secondary schools, which will be transferred to relevant government departments free of charge upon completion. The prime location of the plot, near the Tianhe and Yuefu projects, along with favorable regional conditions and mature living facilities, make it an attractive investment. The board of directors believes that acquiring this plot will increase the company's high-quality land reserves and help solidify its strategic position in Guangzhou.