GREENLAND BROAD (01253) announced that on August 15, 2025, the company's indirect wholly-owned subsidiary, Hangzhou Beifeng Landscape Design Co., Ltd., plans to acquire 100% equity of Shanghai Greenland Senmao Greening Engineering Co., Ltd. from Greenland Group Senmao Landscape Co., Ltd., with a total consideration of approximately RMB 4.6448 million.

The company operates as an investment holding company, with the group primarily engaged in municipal landscaping engineering design, municipal project construction investment, and related services. The board of directors believes that this acquisition fully demonstrates the strong support from controlling shareholder Greenland Group for the company's business development.

The group's acquisition of the target company aims to further expand its industrial chain layout with high-quality landscaping engineering assets, strengthen comprehensive competitiveness in landscaping, ecological construction, and municipal engineering fields, and enhance the company's sustainable operating capability.

The target company possesses a mature business network, professional technical team, and rich project experience, with its business highly synergistic with the company's existing core operations. Against the backdrop of slowing growth in market-oriented business, this transaction injects stable operating revenue and cash flow into the company, ensuring the listed company maintains healthy operational status.

Through this acquisition, the company will effectively integrate resources, further improve its industrial chain layout, enhance core competitiveness, improve project execution efficiency and service quality, while expanding market share and strengthening profitability.