Beijing Urban Construction Investment & Development Co Ltd

Urban Construction Development announced that the company received the Confirmation of Transaction for the Listing and Transfer of State-owned Construction Land Use Rights in Beijing, and won the state-owned construction land use rights for the Class II residential land parcels CP00-0902-0008 and 0009 in the primary land development project on the west bank of the Dongsha River in the eastern part of Changping New Town, Changping District, Beijing, for 1.7 billion yuan. The plot is located in Changping District, Beijing, with a land area of approximately 49,263 square meters and an above-ground building area of approximately 92,273 square meters. The company has established a wholly-owned subsidiary, Beijing Urban Construction Xingchang Real Estate Co., Ltd., to be responsible for project development and operation, with a registered capital of 2 billion yuan. The company stated that the investment and development of this project is a decision made based on actual conditions and full consideration of risk factors. Given that the real estate industry is significantly affected by macro-control policies and market conditions, there is uncertainty as to whether the project development can achieve expectations, and investors should be aware of the risks.

Urban Construction Development successfully issued the second tranche of medium-term notes for 2026, with an issuance amount of 860 million yuan, a term of three years, a coupon rate of 2.14%, annual interest payments, and an interest accrual date of August 7, 2026. In the first quarter of 2026, the company achieved revenue of 7.807 billion yuan and net profit attributable to the parent company of 164 million yuan.

Urban Construction Development announced it will independently or jointly with non-affiliated parties participate in the bidding for land parcel CP02-0405-0002 in Dongxiaokou Town, Changping District, Beijing. The listed starting price for the parcel is 4.5 billion yuan, and the company estimates the total land payment and subsequent development and construction funds will not exceed 10 billion yuan. The announcement stated that the parcel benefits from convenient road networks and well-developed supporting facilities, and driven by the strong sales of the first-phase Longyue Haixu project developed by the company, which launched in May this year, it holds good investment value. In the first quarter of 2026, Urban Construction Development achieved revenue of 7.807 billion yuan and net profit attributable to the parent company of 164 million yuan.