Binjiang Group: Subsidiary won the use rights of state-owned construction land in Hangzhou with a total land price of 2.43 billion yuan.

Binjiang Group Announcement: On May 26, 2026, the company's wholly-owned subsidiary Hangzhou BinFu Real Estate Development Co., Ltd. won the state-owned land use right for a land parcel in Hangzhou. The land parcel is identified as Hangzhou Government Storage Release [2026] No. 30, with a planned use for residential purposes. The land area for development is 35,635 square meters with a total land price of 2.43048 billion RMB.