Core Points - The company announced a management agreement with its affiliate, Shanghai Shengshi Shanjin Investment Development Co., Ltd., and its three wholly-owned subsidiaries for the daily operational management of the Pudong Development Zone project [1] - The management agreement is set for a duration of three years, with an annual management fee of 20 million yuan [1] - A supplementary agreement will be signed to include marketing management for residential properties, increasing the management fee by 1.5 million yuan per year [1] - The management period under the supplementary agreement will last until July 31, 2027, aligning with the original agreement [1] - The affiliate, Shengshi Shanjin, is a subsidiary of the company's controlling shareholder, Shanghai Pudong Development (Group) Co., Ltd., and the company's general manager also serves as the chairman of Shengshi Shanjin [1] - This transaction is classified as a related party transaction and does not require board or shareholder approval [1]