CHINA NEW CONS (08275) announced that on January 16, 2026, the Group entered into a non-legally binding memorandum of understanding with Guangdong Haichuang Xinyuan Technology Co., Ltd. concerning a construction project for the Guangdong Haichuang Xinyuan Technology Industrial Park, with a total contract value of RMB 450 million. Haichuang Xinyuan is a limited company established in the People's Republic of China, primarily engaged in the development and operation of technology industrial parks. The technology industrial park focuses on automotive parts and related upstream and downstream industries as its core development direction. The total estimated investment for the technology industrial park reaches RMB 2 billion, with a total floor area of approximately 250,000 square meters. Positioned as a "High-Standard Industrial Park in Panyu District," the technology industrial park will be developed into a modern industrial complex integrating premium office space, R&D innovation facilities, light industrial production zones, high-standard factories, and independent or semi-independent headquarters, aiming to establish a top-tier industry-academia-research ecosystem in the Greater Bay Area. The Company is strategically planning to expand its construction operations within the People's Republic of China and is striving to obtain multiple construction permits to undertake the responsibilities of a general contractor. The Board of Directors believes that undertaking the potential construction project aligns with the Company's development strategy and will help the Group seize business opportunities. These opportunities can enhance the Group's financial condition and profitability, and contribute to the Group's long-term business development.