On June 19, Guolonghui announced that the wholly-owned subsidiary of Shanghai Yuyuan Tourist Mart, Sanya Fuxin Investment Co., Ltd., participated in the public land transfer activity of state-owned construction land use rights in Haitang Bay National Coastal Leisure Park in Sanya City, Hainan Province on June 19, 2024, and won the bid for the land parcel of control plan HT06-14-03 (Land Notice No.: San Zi Ran Zi Gao Zi [2024] No. 4) with RMB 1.79405 billion, which granted the company 100% equity in the project. The company does not exclude the introduction of strategic partners to jointly develop projects based on the actual situation of the project and its own global strategy advantages. The company has received the transaction confirmation, and the specific details of the project are as follows:

Land parcel of control plan HT06-14-03 in Haitang Bay National Coastal Leisure Park in Sanya City, Hainan Province (Land Notice No.: San Zi Ran Zi Gao Zi [2024] No. 4), with transfer area of 93,571.11 square meters and capacity of 140,357 square meters. Land use: commercial commodity residence. The land's residential use right is transferable for 70 years.