Recently, Jiayuan Real Estate Development Co., Ltd., a subsidiary of Jiayuan International (hereinafter referred to as the Group), has successfully won the bid for the land transfer of Yangzhou State-owned Land Use Rights Online, with a total price of about RMB 350 million. For the plot, the unit price is about 7,000 yuan per square meter, and the floor price is 3139 yuan per square meter. The number of land auctioned on the day reached more than a dozen, attracting a number of first-line real estate developers to participate in the bidding, reflecting the confidence of Chinese housing companies in the future development of Yangzhou.

The enterprises participating in the GZ103 land auction must have experience in the development and construction of large-scale shopping centers and commercial complexes with a construction area of ​​not less than 30,000 square meters. The Group's large-scale shopping malls in Nanjing, Yangzhou, Taizhou and other places are already in operation, and bring convenience to the residents of the surrounding communities.

The plot is located in the east and west of Jiangwang Street, Hanjiang District, Yangzhou, and has a total construction area of ​​approximately 155,000 square meters. It will be planned to build residential, commercial and hotel properties. The project is adjacent to the Peninsula Park and the Chao River, and is strategically located. It is surrounded by mature communities and shopping malls. It has a rich atmosphere and is a scarce land resource. The Group regards this new project in Yangzhou as an excellent development opportunity, which not only can further develop the brand advantage of the Group in the Jiangsu region, but also bring synergy to the projects being developed by the Group.

The GZ103 plot in Yangzhou Hanjiang District is the 13th project of the Group entering Yangzhou for 16 years. It is a milestone for the Group to enter the Jiangwang business circle for the first time. Thanks to the Group's rich experience in Yangzhou for many years, it has successfully established a good reputation through the creation of landmark-level real estate projects, which has won the praise of Yangzhou citizens. With the completion of the "Ningzhengyang integration" pattern, the future will focus on the spatial structure of the three cities and towns, and the industrial, ecological, transportation and municipal facilities will be connected, and Yangzhou will usher in a better development. era. In the future, the Group will continue to increase its quality land bank and lay out its value in advance to provide momentum for sustainable growth in the future.