Nanjing Public Utilities subsidiary won the land use rights for a plot in Jianye District, Nanjing for 1.322 billion

On September 18, 2025, the 14th meeting of the 12th Board of Directors of Nanjing Public Utilities Development Co., Ltd. reviewed and approved the proposal to authorize Nanjing Zhongbei Shengye Real Estate Development Co., Ltd. to participate in land bidding. On October 11, the subsidiary successfully acquired the land use rights for the NO.2025G72 plot in Jianye District, Nanjing, for 1.323 billion yuan. This transaction does not constitute a related party transaction or a major asset restructuring. The area of the land transfer is 28,753.03 square meters, with a starting price of 1.319 billion yuan. The surrounding facilities of the plot are well-developed, and the company's bidding this time is an investment decision made after considering its own situation and risks, with no significant impact on operating performance in the short term. The announcement is accompanied by the confirmation of the public transfer of state-owned construction land use rights