Binjiang Group secures two residential land plots in Hangzhou

Hangzhou Binjiang Real Estate Group announced on November 27, 2025, that it has successfully acquired the state-owned construction land use rights for two residential plots in Hangzhou.

The first plot, identified as Hang Zheng Chu [2025] 127 Hao, has a construction land area of 33,978 square meters and a plot ratio of 1.2. The total land price for this plot is CNY 84,854 (in ten thousands).

The second plot, Hang Zheng Chu [2025] 128 Hao, features a construction land area of 28,869 square meters and a plot ratio of 2.5, with a total land price of CNY 161,345 (in ten thousands).

The company currently holds a 100% equity interest in both projects. However, the announcement notes that these equity proportions may change, and the stated percentages are provided for investors' transitional reference only. The company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed.