Core Viewpoint - The announcement details the progress of an associated transaction involving China Wuyi's subsidiary, Nan'an Zhongwu, which has won a public tender for the Wuyi Yunshang Tianyi design, procurement, and construction project, with a total contract price of approximately 538.78 million yuan [1][9]. Group 1: Associated Transaction Overview - The project involves the construction of eight high-rise residential buildings with a total above-ground area of approximately 118,098 square meters and an underground area of about 20,286 square meters [1]. - The winning bid was awarded to Fujian Construction Engineering Group Quanzhou Co., Ltd., which is part of a consortium that includes Fujian Construction Group Co., Ltd. [1][9]. Group 2: Contract Details - The contract includes various scopes such as surveying, design, construction, and procurement of materials and equipment [2][4]. - The total contract price includes a construction fee of approximately 520.27 million yuan, a survey fee of 5.81 million yuan, and an unforeseen cost of 12 million yuan [4][6]. Group 3: Financial Impact and Purpose - The transaction is deemed necessary for the company's real estate project development and is conducted through a public bidding process, ensuring fair pricing [8]. - The transaction is not expected to have a significant impact on the company's financial status for the current year [8]. Group 4: Previous Associated Transactions - The company has projected a total of 320 million yuan for expected daily associated transactions for the year 2025 with related parties [9].