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Xujiahui(002561.SZ): Planning to select the general contractor for the Shanghai 600 City Renewal Project
Gelonghui, March 5 — Xu Jiahui (002561.SZ) announced that on November 18, 2025, the company held its third extraordinary general meeting of shareholders for 2025, during which the proposal to adjust the company’s major investment project was approved. As of the date of this announcement, the Shanghai 600 City Renewal Project has received the “Approval Notice.”
According to the relevant provisions of the Articles of Association, Rules of Procedure for the Board of Directors, and the authorization from the shareholders’ meeting for this project, the company’s board of directors has decided on the cooperation partner for the general contracting project. The company agrees to select China State Construction Engineering Group Co., Ltd. as the general contractor for this project, with an estimated contract amount of 650 million yuan. The service period for the general contracting will be based on the contract signed by both parties; the management team is authorized to handle contract signing and related implementation matters.