Core Points - The company successfully acquired land use rights for the NO.2025G72 plot in Nanjing for RMB 1.323 billion [1] - The acquisition does not constitute a related party transaction or a major asset restructuring as defined by regulations [1] - The location of the acquired land is well-equipped with surrounding amenities, allowing the company to leverage its location for high-end product development [1] Transaction Overview - Nanjing Zhongbei Shengye Real Estate Development Co., Ltd. won the bidding for the land use rights on October 11, 2025 [1] - The total bid amount for the land use rights was RMB 1.323 billion [1] Impact on Company - The decision to participate in the land auction was made considering the current market environment and the company's actual situation, with an emphasis on risk factors [2] - The short-term impact on the company's operating performance is not expected to be significant [2]

Core Viewpoint - Nanjing Public Utilities Development Co., Ltd. has authorized its subsidiary to participate in a land auction, successfully acquiring land use rights for a specific plot in Nanjing, which is not classified as a related party transaction or major asset restructuring [1] Group 1 - The 14th meeting of the 12th board of directors approved the proposal for Nanjing Zhongbei Shengye Real Estate Development Co., Ltd. to participate in the land auction [1] - On October 11, the subsidiary successfully won the land use rights for the NO.2025G72 plot in Jianye District, Nanjing, for 1.323 billion yuan [1] - The plot has an area of 28,753.03 square meters, with a starting price of 1.319 billion yuan [1] Group 2 - The company’s decision to bid for the land was based on its own circumstances and risk considerations, indicating a strategic investment approach [1] - The acquisition is not expected to have a significant short-term impact on the company's operating performance [1] - The announcement includes a public confirmation of the land use rights transfer [1]