Core Viewpoint - Greentown China (03900) has entered into a real estate development management agreement with Hangzhou Zhongyi Jiangchen Real Estate for project management services, enhancing its operational capabilities without significant capital investment [1] Group 1: Agreement Details - The agreement is set to commence on October 20, 2025, and involves Greentown Real Estate Construction Management providing project management services for a construction project located in Qiantang District, Hangzhou, Zhejiang Province [1] - The total construction area of the project is approximately 90,711 square meters, intended for residential property development [1] Group 2: Strategic Implications - The board believes that this agreement will allow the company to leverage its expertise in property development and project management in China, thereby improving project quality and construction efficiency [1] - The selection of the project management service provider was conducted through a competitive bidding process, ensuring that the terms and costs align with market practices and the company's business interests [1]