KAISA GROUP (01638) announced that in order to implement the national policy guidance on promoting "good housing" construction, the Group signed a strategic cooperation agreement (the "Agreement") with CITIC Urban Development Investment Group Co., Ltd. ("CITIC Urban Development") on August 18, 2025, regarding the Shenzhen Futian Jiayuan project. Both parties will build consensus, integrate resources, and leverage synergistic advantages to establish a joint working team. Through a "joint management" model, they will efficiently advance project construction, comprehensively enhance project quality and value, and are committed to making the Shenzhen Futian Jiayuan project a benchmark demonstration project for "good housing" construction, contributing to the upgrade of living quality in Shenzhen's central district.
The achievement of this strategic cooperation between both parties marks a new height in the deepening practice of the innovative urban renewal model and innovative development model of "state-owned enterprise assistance + market-oriented operations," realizing the strategic goal of scientific collaboration and mutual benefit among multiple stakeholders, and embodying the spirit of customer-centricity and responsibility. Through the strong alliance of both parties, the Group will rapidly revitalize core inventory assets, actively practice the "good housing" construction concept and "good life" creation objectives, make further contributions to the livelihood cause of ensuring property owners achieve "secure living and happy work," while effectively boosting market confidence and serving as a compass and stabilizer for promoting stable real estate market prices and healthy, high-quality development.
This cooperation aligns with the Group's long-term strategic planning, is conducive to activating the Group's core project value in the Guangdong-Hong Kong-Macao Greater Bay Area, unleashing existing potential, and enhancing industrial value, which has positive and significant implications for the Group's future sustainable development.