Green Union Technology: Subsidiary plans to invest 1.08 billion yuan to build industrial factory city renewal project.

Green Union Technology Announcement: Wholly-owned subsidiary Zhongzhi Real Estate (Shenzhen) Co., Ltd. intends to sign the "Shenzhen State-owned Construction Land Use Right Transfer Contract" with the Longhua Management Bureau of Shenzhen Planning and Natural Resources Bureau, to obtain the state-owned construction land use right of a plot at the intersection of Jinfeng Road and Zhongxin Road in Longhua District, Shenzhen. After obtaining the aforementioned state-owned land use right, Zhongzhi Real Estate plans to invest in the construction of an industrial factory urban renewal project in Yuanfen Village, Dalang Street, Longhua District. The planned total investment amount is estimated to be 1.08 billion RMB, with building installation costs of 1 billion RMB, and the remaining investments including land prices, design fees, etc.