Core Viewpoint - Dalian Wanda Group's subsidiary Chengdu Chenyue successfully bid for land use rights in Chengdu for RMB 2.65 billion, indicating a strategic investment in a high-potential area [1] Group 1: Acquisition Details - The land use rights were successfully auctioned on November 19, 2025, with the confirmation of the transaction received on the same day [1] - Chengdu Chenyue has paid a bidding deposit of RMB 532 million for the auction [1] - The land use rights transfer contract is expected to be signed by December 3, 2025, or earlier [1] Group 2: Project Location and Market Potential - The project is located in Chengdu, a key hub in Western China known for its strong economic vitality and market potential [1] - The site is situated in the Qingyang District, which has a robust industrial base and growing consumer demand, presenting significant commercial investment opportunities due to insufficient supply [1] - The project will benefit from the developing aviation industry cluster and a vibrant "residential + commercial" environment [1] Group 3: Expected Outcomes - The anticipated development of the site is expected to generate positive investment value, leading to cash flow and stable, satisfactory returns and profits for the group [1] - The acquisition aligns with the company's business development strategy and planning [1]