HUAIBEI GD CO(02450) signs strategic cooperation agreement with Shenzhen Fenghuang

HUAIBEI GD CO (02450) announced that in late November 2025, the company has entered into a strategic cooperation agreement with Shenzhen Jiangsu Phoenix Property Investment Co., Ltd. (Shenzhen Phoenix). According to the agreement, both parties have agreed to establish a long-term, stable, and mutually beneficial strategic partnership, leverage complementary advantages of resources, and enhance the overall competitiveness of both parties. The aim is to explore cooperation in areas such as property management, asset operation, leasing resource integration, and project development. The term of the strategic cooperation agreement is three years from the date of signing by both parties. Shenzhen Phoenix is a joint-stock cooperative company formed by the restructuring of a village collective economic organization in Shenzhen, China. Its main business operations include but are not limited to industrial investment, commercial operations, property management and leasing, cultural tourism, and hotel management. With the deepening implementation of the regional coordinated development strategy and the development of the Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area), the company is well aware that seizing the opportunities of the BAY AREA DEV and integrating into the major strategic layout of the Greater Bay Area is crucial for the company's high-quality sustainable development. The company has formulated a strategic plan to leverage the integration into the Greater Bay Area. Shenzhen Phoenix is deeply rooted in the local area of Shenzhen and possesses land, property resources, and strong local operating capabilities. Shenzhen Phoenix's business operations align with the company's strategic direction of integration into the Greater Bay Area and seeking diversified expansion. The board of directors believes that the proposed strategic cooperation under the strategic cooperation agreement aligns with the long-term development goals and strategies of the group, and is in the overall interest of the group and its shareholders.