On the evening of August 29, HUCD announced that its wholly-owned subsidiary, Huizhu Real Estate, participated in the land use rights transfer activity organized by the Hefei Natural Resources and Planning Bureau on August 29. Through bidding, it obtained the land use rights for plot BH202522 and plot BH202523 in the Baohe District of Hefei, with total transfer amounts of 708 million yuan and 516 million yuan, respectively