On September 23, GeLongHui reported that Cinda Real Estate (600657.SH) announced that, in order to exert the synergistic advantages of expanding business, the company's wholly-owned subsidiary Anhui Cinda Real Estate and its related party China Cinda, Xinshengli Insurance, jointly subscribed for partnership interests. The total subscribed scale of the partnership enterprise is 650.5 million yuan, with the general partner Xinshengli Insurance subscribing for 1 million yuan, accounting for 0.15% of the partnership enterprise scale; China Cinda, as a limited partner, cash subscribes for 300 million yuan, accounting for 46.12% of the partnership enterprise scale; Anhui Cinda Real Estate, as a limited partner, cash subscribes for 336.5 million yuan, and contributes 20% equity of Wuhu Dingbang Real Estate Development Co., Ltd. (referred to as the "Project Company") valued at 13 million yuan, accounting for 53.73% of the partnership enterprise scale.

The partnership enterprise plans to invest in a project in Wuhu City, Anhui Province. As of now, the project has started construction, with an estimated total value of about 1.19 billion yuan. The partnership enterprise will, according to the agreement, pay the investment funds in installments upon meeting the payment conditions for the project applications.