Grandjoy expands real estate portfolio with three new projects

Grandjoy Holdings Group has acquired three new real estate projects since the beginning of 2025. These include a plot in Sanya's Central Business District with a total transaction price of 784,100,000 yuan, where Grandjoy's subsidiary holds a 100% equity stake, resulting in a 63.93% ultimate equity interest for the company. This Sanya project, designated for residential use, covers 32,647 square meters with a total planned gross floor area of approximately 48,971 square meters.

In Chengdu, Grandjoy acquired four land parcels in the Qingyang District for a total of 2,650,212,983 yuan. These parcels, designated for residential and commercial services, collectively span 134,501 square meters with an estimated total planned gross floor area of 305,174 square meters. The company's subsidiary holds a 100% equity interest in this acquisition, translating to an 86.19% ultimate equity interest for Grandjoy.

Additionally, a commercial plot in Qingdao's Shibei District was acquired for 410,836,280 yuan. This site measures 50,417.1 square meters with a planned gross floor area of approximately 126,043 square meters. Grandjoy's subsidiary holds a 51% equity interest in this project, leading to a 43.96% ultimate equity interest for the company. These equity interests are subject to change based on future collaborations.