Alade: plans to purchase land use rights and property ownership rights and invest in the construction of the Alade Shanghai production and operation center project, with a total investment of no more than 500 million yuan.

Aladdin announcement, the company plans to purchase the state-owned land use rights and property rights of Shanghai Hangzhou Bay Economic and Technological Development Co., Ltd. listed for sale, and to build the Aladdin Shanghai production and operation center construction project. The total planned investment for this project is estimated to be not more than 500 million yuan, with the sale price of the target assets expected to be not more than 65 million yuan. The company plans to participate in the auction of approximately 46 acres of land, and the specific total investment amount and investment plan will be adjusted according to the actual scale, layout, land use and environmental capacity of the project.