Da Long Real Estate: terminate the acquisition of 60% equity of the target company.

Big Dragon Real Estate Announcement: The company's controlling subsidiary, Beijing Big Dragon Real Estate Development Co., Ltd., originally planned to acquire 60% of the equity of Beijing Chengzhu Real Estate Development Co., Ltd. held by Beijing Shunyi New City Development Co., Ltd. After due diligence and multiple rounds of negotiations, the transaction was terminated as the parties could not reach a consensus on the main terms of the transaction, and based on feedback from the state-owned assets department. The parties did not sign a formal agreement, the company did not make any payments, and the termination of the acquisition will not have any adverse impact on the company's current business performance and financial condition.