Group 1 - Shenzhen Golf Club, the first golf course in Shenzhen and the first in China to meet international standards, will cease operations starting September 20, 2023, due to the expiration of its land use rights [1][2] - The land area of the golf course is approximately 1.33 square kilometers, with plans to transform the site into a sports park as part of Shenzhen's 2025 land redevelopment plan [2][5] - The area of the golf course that will be developed into the "Xiangmi Lake New Financial Center Sports Park" covers 41.2 hectares, integrating park green space, rail transit, and cultural and sports facilities [5][6] Group 2 - The land acquisition process for the Shenzhen Golf Club has been ongoing for several years, with the government officially taking over the land after the completion of compensation work [3][4] - Shenzhen Special Development Group has plans to manage the new sports park, with ongoing public tenders for planning and design work related to the park's development [5][6] - The company has rebranded from "Shenzhen Special Deep High Club Management Co., Ltd." to "Shenzhen Special Cultural and Sports Development Co., Ltd." to reflect its expanded business scope beyond golf [6]