Shanghai Construction Group (600170.SH) Subsidiary Acquires Tianjin Binhai New Area Land Plot for 190 Million Yuan

Stock News09-30

Shanghai Construction Group Co.,Ltd. (600170.SH) announced that on September 30, 2025, its subsidiary Shanghai Construction Real Estate Co., Ltd. successfully won the bidding for the state-owned construction land use rights of Jin Bin Kai (Gua) 2025-2 land plot in Tianjin Binhai New Area, obtaining the listing transaction confirmation letter with a total transaction price of 190 million yuan.

The land plot is located in the Economic Development Zone of Tianjin Binhai New Area, south of Xinda Street and east of Dongting Road, with boundaries extending east to Taixing Road, south to the project land, west to Dongting Road, and north to Xinda Street. The land covers an area of 12,468.65 square meters, with a building area not exceeding 19,949.84 square meters, designated for residential use.

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