Group 1 - The company Dayuecheng (000031) successfully bid for land use rights in Chengdu for RMB 2.65 billion on November 19, 2025 [1] - Chengdu Chenyue, a wholly-owned subsidiary, has paid a deposit of RMB 532 million for the bidding process [1] - The land use rights contract is expected to be signed by December 3, 2025, or earlier [1] Group 2 - The project is located in Chengdu, a key hub in Western China known for its strong economic vitality and market potential [1] - The Qingyang District, where the project is situated, has a solid industrial base and growing consumer demand, presenting significant commercial investment opportunities [1] - The project will benefit from the developing aviation industry cluster and a vibrant "residential + commercial" environment [1] Group 3 - The company anticipates positive investment value upon completion of the development, which will generate cash flow and stable, satisfactory returns and profits [1] - The acquisition aligns with the company's business development strategy and planning [1]