Xinhecheng (002001.SZ) plans to participate in bidding for land use rights.

Zh tng cijng APP xn, Xn h chng (002001.SZ) fb gnggo, wi shnyng gngs yw gum de chx kuzhn, mnz gngs wili chngyun fzhn xyo, gngs y xn shl de qunz zgngs Zhjing xn h chng kngg yuxin gngs wi jnpi zht, y zyu zjn hu z chu zjn cny jnpi Hngzhu sh Shngchng q s bo q bo dnyun JG1402-76 dkui td shyng qun, jnpi jig b chogu rnmnb 11.5 y yun. Zhtng Finance APP News, Xinhecheng (002001.SZ) announced that in order to meet the continuous expansion of the company's business scale and satisfy the company's future long-term development needs, the company, through its newly established wholly-owned subsidiary Zhejiang Xinhecheng Holdings Co., Ltd., will participate in the bidding for the land use rights of Unit JG1402-76 in Sibao and Qibao, Shangcheng District, Hangzhou City, using its own funds or self-raised funds, with the bidding price not exceeding 1.15 billion yuan.