Core Viewpoint - The company plans to issue preferred shares to raise up to 820 million yuan, with the net proceeds aimed at supporting real estate project construction focused on "ensuring delivery of buildings and safeguarding livelihoods" [1] Group 1: Fundraising Details - The company intends to raise funds through a private placement of preferred shares, with a total amount not exceeding 820 million yuan [1] - The net proceeds, after deducting issuance costs, will be allocated to the construction of 11 real estate projects, including the Shenzhen Exhibition Bay project and the Beijing Yixu Jiayuan project, totaling an investment of 8.2 billion yuan [1] Group 2: Use of Proceeds - The funds raised will specifically be used for capital expenditures related to real estate development, particularly for construction and installation costs [1] - If the net proceeds from the preferred share issuance are less than the total investment required for the projects, the company will seek alternative financing methods to cover the shortfall [1]