Core Viewpoint - New City Holdings plans to open five new Wuyue Plazas this year, targeting a total commercial operating revenue of 14 billion yuan [1] Group 1: Project Overview - The newly opened Zibo Xinma Wuyue Plaza is the third urban complex in Zibo, integrating local night economy elements and offering a vibrant commercial hub [1][2] - The project features a 24-hour immersive consumption experience, combining traditional market charm with modern trends [2][3] Group 2: Business Strategy - New City Holdings has successfully introduced 54 first-store and innovative brands, along with 63 benchmark dining brands, to enhance the consumer experience [3] - The company focuses on a dual strategy of "residential + commercial" to drive the scale development of Wuyue Plazas, with 200 plazas planned across 136 cities by the end of 2024 [4] Group 3: Operational Excellence - The company emphasizes strong operational capabilities to fulfill commitments to partners, with 173 plazas currently in operation [4] - New City Holdings aims to leverage refined operations and innovative management systems to create a differentiated competitive advantage [5]