On November 9, Zhongguancun Jingxi Development, a member the Group, officially signed a land transfer contract and acquired the 50-year use right of 6 plots of land for the first phase of the Zhongguancun (Jingxi) AI Technolog Park project, marking the project has entered the physical development and construction stage.

The project is located in Zhongguancun Mentougou Science Park. The six plots of land obtained this time cover an area of 8.54 hectares, with a planned construction area of about 309,000m² in total, including around 226,000m² above ground and around 83,000m² underground.  

After completion, the project will serve as a space carrier that organically combines production, life and ecology, meeting the needs of industrial development and human lives. Eventually, it will create a world-class AI innovation community and become an AI industrial hub of Beijing International Innovation Center.