Zhito Finance APP News, Yuexiu Property (00123) announced that on November 5, 2024, through its subsidiary Wuhan Kangjing Industrial Investment Co., Ltd, which actually owns 99.638% equity, it successfully bid for the Beijing Haidian District Gongdesi Shantytown Renovation Project HD-GDS-002 (Gongdesi Plot in Haidian District, Beijing) through public listing for a total of 6.3825 billion yuan.

The total land area of Gongdesi Plot in Haidian District, Beijing is approximately 0.0425 million square meters, with a planned total construction area of approximately 0.1436 million square meters, of which the calculated volume construction area is approximately 0.089 million square meters. The nature of Gongdesi Plot in Haidian District, Beijing is planned as residential land of category 2. The residential properties to be built on Gongdesi Plot in Haidian District, Beijing are intended for sale.

Gongdesi Plot in Haidian District, Beijing enjoys a superior location, only 200 meters away from the Zhongguancun Software Park, known as the 'China's Silicon Valley', which is a high concentration area for Beijing's information industry with a strong customer base. It is also 1.1 kilometers away from the planned Software Park Station of Metro Line 13B. Gongdesi Plot in Haidian District, Beijing is located in a top-tier educational district in Haidian District, Beijing, with prominent educational resources including Beijing Shangdi Experimental Primary School, Beijing Shangdi Experimental School, and China Renmin University Affiliated Middle School Xishan School.

The board of directors believes that the company's acquisition of Gongdesi Plot in Haidian District, Beijing at a reasonable cost will increase the company's high-quality land reserves and further strengthen its strategic position in Beijing.