Rich Development Co., Ltd. announced that the entire project is expected to invest approximately RMB 870 million. Based on the ratio of 17.90% of the land area held by the above-mentioned parties of approximately 78.92 pings to the base area of approximately 441.01 pings, the estimated investment amount of the participating parties in the joint construction of the sub-houses is approximately 156 million. Based on the consideration of development integration, a land sales contract was signed with the related parties, so the joint construction and subdivision contract was terminated.