Group 1 - Dongbai Group officially announced a partnership with Gansu Xintou Commercial Management Co., Ltd. to manage the "Xintou Times Center" project in Lanzhou New Area, marking another breakthrough in the light asset management model in the Northwest market [1] - The "Xintou Times Center" project covers a total construction area of 72,400 square meters and is strategically located in the core area of Lanzhou New Area, which has been a key economic growth engine for eight consecutive years [1] - The project aims to create a new commercial landmark in Lanzhou New Area by leveraging the area's comprehensive commercial ecosystem, which includes government, residential, educational, and medical resources [1] Group 2 - Gansu Lanzhou is a strategic location for Dongbai Group's business expansion, with the "Lanzhou Center" being one of its quality self-owned commercial assets, located near the Gansu Provincial Museum [2] - The Lanzhou Center has successfully attracted nearly 1,000 brands, including over 150 first stores in Gansu, catering to diverse consumer needs and becoming a commercial benchmark in the region [2] - In 2024, Dongbai Group plans to enhance the commercial vitality of Lanzhou Center through brand adjustments, spatial restructuring, and innovative scenarios, aiming for an annual foot traffic of 36 million, a year-on-year increase of 7.87% [2] Group 3 - Dongbai Group, as a leading regional player in the retail department store industry, focuses on market demand upgrades and continues to enhance consumer experience through commercial innovation and distinctive operations [3] - The "Xintou Times Center" project is expected to serve as a typical example of Dongbai Group's light asset strategic transformation and regional economic collaboration [3] - The company plans to continue expanding its commercial footprint by leveraging its core areas in Fuzhou and Lanzhou, while firmly advancing its light asset development strategy [3]