Core Viewpoint - The company successfully acquired two residential land parcels in Guangzhou and Chengdu through public bidding, enhancing its land reserves and strategic position in these cities [1][3]. Group 1: Guangzhou Land Acquisition - The company, through its subsidiary Guangzhou Tianyue, won the bidding for two adjacent land parcels in Guangzhou's Tianhe District for a total of RMB 34.84 billion [1]. - The land parcels, designated for residential use, have a total area of approximately 55,138.45 square meters and a total construction area of about 167,943.48 square meters [2]. - The Guangzhou parcels are strategically located about 11 kilometers from Zhujiang New Town and 10.3 kilometers from Pazhou West, with nearby amenities including schools and shopping centers [2][3]. Group 2: Chengdu Land Acquisition - The company, through its subsidiary Chengdu Yuesui, successfully acquired a residential land parcel in Chengdu's Chenghua District for RMB 13.21 billion [1]. - The Chengdu parcel covers an area of approximately 40,038.52 square meters with a total construction area of about 115,173.66 square meters [2]. - The Chengdu site is located near established commercial and medical facilities, enhancing its attractiveness for residential development [3].