HUAIBEI GD CO (02450) announced that in late November 2025, the company signed a strategic cooperation agreement with Shenzhen Phoenix Shareholding Company (Shenzhen Phoenix). Under the agreement, both parties agreed to establish a long-term, stable, and mutually beneficial strategic partnership, leveraging their complementary resources to enhance overall competitiveness.

The collaboration aims to explore joint opportunities in property management, asset operations, leasing resource integration, and project development. The agreement is valid for three years from the signing date.

Shenzhen Phoenix, a shareholding company restructured from a village collective economic organization in Shenzhen, engages in businesses including industrial investment, commercial operations, property management and leasing, cultural tourism, and hotel management.

With the deepening implementation of regional coordinated development strategies and the growth of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), HUAIBEI GD CO recognizes the importance of seizing GBA opportunities to achieve high-quality sustainable development. The company has formulated strategic plans to integrate into the GBA.

Shenzhen Phoenix, deeply rooted in Shenzhen, possesses land and property resources along with strong local operational capabilities. Its business aligns with HUAIBEI GD CO’s strategic direction of GBA integration and diversified expansion.

The board believes the proposed cooperation supports the group’s long-term development goals and benefits shareholders.