Greenlink Technology announced that its wholly-owned subsidiary Zhongzhi Real Estate (Shenzhen) Co., Ltd. plans to sign the “Shenzhen State-owned Construction Land Use Rights Concession Contract” with the Longhua Administration Bureau of the Shenzhen Municipal Bureau of Planning and Natural Resources to obtain the right to use state-owned construction land at the intersection of Jinfeng Road and Zhongxin Road in Longhua District, Shenzhen. After obtaining the aforementioned state-owned land use rights, Zhongzhi Real Estate plans to invest in the construction of an industrial plant urban renewal project in Yuanfen Village, Dalang Street, Longhua District on this plot. The total planned investment is estimated to be RMB 1.08 billion, of which the construction and installation costs are RMB 1 billion. The rest of the investment includes land prices, design costs, etc.

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