Yintai Land Group and Tianye Stock have reached a strategic cooperation agreement

Recently, Yintai Land Group, a subsidiary of Yintai Group, signed a "Strategic Cooperation Framework Agreement" with Shandong Tianye Hengji Co., Ltd. (referred to as Tianye Stock, 600807. SH) to deepen cooperation in traditional real estate, industrial real estate, land investment, property management and other aspects.

Based on the principles of complementary advantages and mutual benefit, both parties jointly invest, share risks, and share benefits in project cooperation. Both sides will make full use of their respective advantages and resources, further increase their layout efforts in Shandong Province and even the whole country, deepen cooperation in traditional real estate, commercial real estate, elderly care real estate, tourism real estate, education real estate and other industrial real estate, land investment, property management and other aspects, and through cooperation, open up residential, industrial and other markets nationwide to achieve mutual benefit and win-win results. Both parties, based on the principle of maximizing the interests of both parties, choose to determine the cooperation project for in-depth cooperation. Tianye Group is one of the top 100 private enterprises in Shandong Province, with business covering multiple fields such as real estate, mining, finance, and venture capital. Among them, we have been deeply involved in the real estate field for 18 years, with development projects covering Jinan, Weifang, Weihai, Dongying, Yantai and other places, with a total construction area of over 3 million square meters. Representative projects include Jinan International Convention and Exhibition Center, Shanda Road Creative Exhibition Center, etc.

Intime Land Group is a leader in high-end commercial real estate in China. Its main business is comprehensive commercial real estate development and operation, involving various aspects such as commercial real estate expansion, planning and design, development and construction, investment promotion and operation management. It is committed to developing and managing large-scale urban complexes of high-end shopping centers, top hotels, high-end office buildings, high-end residential properties, etc. Its product line includes "Intime Center", "Intime City", "Top Hotels and Apartments", etc. At present, Yintai Land Group has completed and is building more than 70 projects nationwide, covering dozens of cities such as Beijing, Shanghai, Hangzhou, and Chengdu. The total developed and operated building area is nearly 20 million square meters, with representative projects including Beijing Yintai Center, Chengdu Yintai Center, Hangzhou Hubin Yintai in77, and others.

Intime Land Group expresses confidence in the future of Shandong and looks forward to cooperation between both parties. It will fully utilize its own advantages and resources, actively promote cooperation, achieve mutual benefit and win-win results, and make positive contributions to the high-quality development of Shandong's commercial real estate, fashion commercial retail and other industries.