Binhai Group (002244.SZ) subsidiary in conjunction with Hangzhou Zhejiang and Anhui won the bid for two land use rights in Hangzhou for 3.886 billion RMB.

China Fortune Finance and Economics APP News, Binjiang Group (002244.SZ) announced that on May 15, 2026, the company's wholly-owned subsidiary Hangzhou Binyan Real Estate Development Co., Ltd. and Hangzhou Zhejiang Anhui Real Estate Development Co., Ltd. (referred to as "Hangzhou Zhejiang Anhui") jointly won the land use rights of two state-owned construction land in Hangzhou in the form of a consortium. The land parcels are numbered Hangzhengchu [2026] No. 24 and Hangzhengchu [2026] No. 25, planned for residential use, with a total construction land area of 80,183 square meters. The total price of the two parcels of land is 3.886 billion yuan.