黑牡丹（集团）股份有限公司 关于全资子公司竞得土地使用权的公告

Core Viewpoint - The company has successfully acquired a state-owned construction land use right in Changzhou, Jiangsu Province, for a total price of RMB 676.5 million, marking a strategic move to enhance its land reserves in a key market area [1][2]. Group 1: Land Acquisition Details - The acquired land is located in the Xinbei District of Changzhou, specifically east of Zhaogang River and south of Yunhe Road [1]. - The total area of the land is approximately 56,370 square meters, designated for urban residential use, with compatibility for commercial and business financial use [1]. - The total transaction price for the land is RMB 676.5 million, with a residential land use period of 70 years and commercial use period of 40 years [1]. Group 2: Strategic Implications - The company has adopted a prudent business development strategy in response to recent fluctuations in the real estate industry, slowing down the pace of new land acquisitions while optimizing its asset-liability structure [2]. - This land acquisition is seen as a step towards implementing the company's "good housing" construction standards, aimed at enhancing product value and upgrading the technical system, which will contribute to improving residential quality in the area [2]. - The management's decision to bid for this land was made with careful consideration of risk factors in the current real estate market, although there remains a risk that the project may not meet expected returns due to the cyclical nature of the industry [2].