Urban Construction Development (600266.SH) won the bidding for two land use rights in Changping District, Beijing, for 1.7 billion yuan.

Zhitong Finance APP News, Urban Construction Development (600266.SH) announced that on September 22, 2026, the company received the "Confirmation of Transaction for the Listing and Transfer of State-owned Construction Land Use Rights in Beijing," and won the bid at a price of 1.7 billion yuan for the state-owned construction land use rights of Class II residential land parcels CP00-0902-0008 and 0009 of the primary land development project in the local area on the west bank of the Dongsha River in Changping New City, Changping District, Beijing. The company established a wholly-owned subsidiary, Beijing Urban Construction Xingchang Real Estate Co., Ltd., to be responsible for the development and operation of the project, with a registered capital of 2 billion yuan. The project is located in Changping District, Beijing, with a land area of approximately 49,263 square meters and an above-ground building area of approximately 92,273 square meters.