Big Dragon Real Estate: The holding subsidiary plans to acquire 60% equity of Beijing Chengzhu Real Estate Development Co., Ltd.

DaLong Real Estate Announcement: The company's controlling subsidiary, DaLong Limited, has reached preliminary intentions with Beijing Shunyi New City Development Limited to acquire 60% of Beijing Chengzhu Real Estate Development Limited held by it. The final details of the transaction have not been determined yet, and it is currently uncertain whether it constitutes a related party transaction. It is expected not to constitute a major asset restructuring. The target company owns the Dongfeng Shopping Area project in Block 0201 of Shunyi New City, Shunyi District, Beijing, including 36,200 square meters of residential land and 5,100 square meters of kindergarten land. The acquisition of equity in this matter will expand the company's asset size, increase equity capacity, supplement the company's project reserves in Shunyi District, Beijing, and is in line with the company's strategic layout, which will help enhance the company's continuous operating ability in its main business.