Binjiang Real Estate projects 2026 connected transactions to reach 298m yuan

Hangzhou Binjiang Real Estate Group Co., Ltd. estimates its 2026 routine connected transactions with Binjiang Services Group Co., Ltd. and its subsidiaries will total no more than 29,800万元. These transactions include receiving labor services, transferring parking spaces, storage rooms, and shops, leasing properties and parking spaces, and providing catering services. This estimation was approved by the company's independent directors on December 15, 2025, and by the seventh board of directors on December 17, 2025. Connected directors Mr. Qi Jinxing and Mr. Mo Jianhua abstained from the vote.

The transactions are valued at market prices, with specific breakdowns including 14,000万元 for receiving labor services (property management, consulting, sales agency), 15,000万元 for transferring parking spaces, storage rooms, and shops, 400万元 for leasing properties and parking spaces, and 400万元 for providing catering services. The cumulative actual connected transactions from January to September 2025 reached 29,233.76万元, against a projected annual total of 64,000万元 for 2025.

Binjiang Services Group Co., Ltd., based in Grand Cayman, was established on July 6, 2017, with a registered capital of $100,000. As of June 30, 2025, its total assets were 498,482.40万元, with a net profit of 30,556.20万元 for the first half of 2025. The company considers these transactions fair and beneficial, supporting its operational needs without harming shareholder interests.