Group 1 - The core investment project involves the construction of new hotel properties by Beijing Shoulv Hotel Group Co., Ltd.'s indirect wholly-owned subsidiary, Homeinns Hotel Chain (China) Co., Ltd. [2][3] - The total estimated investment for the project is 280.51 million yuan, with funding sourced from Homeinns' own funds [3][10]. - The project is located at 1066 Luxin Avenue, Fenhu High-tech Zone, Wujiang District, Suzhou, Jiangsu Province, covering a planned total construction area of approximately 26,000 square meters [7][8]. Group 2 - The project includes the construction of two hotel properties along with related renovations and supporting works, with an estimated construction period of 14 months [11][19]. - The board of directors approved the investment proposal on February 11, 2026, and it does not require shareholder meeting approval [4][12]. - The investment does not involve related party transactions and does not constitute a major asset restructuring [5][12]. Group 3 - The project aims to strengthen the company's mid-to-high-end hotel brand positioning, enhancing market competitiveness and contributing to regional economic development [22][23]. - The project is strategically significant for leveraging opportunities in the Yangtze River Delta economic zone and accelerating brand asset deployment in East China [22][23]. - The investment is expected to have no significant impact on the company's overall revenue and profit [24].