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Longjitaihe Acquires Jianchangdao Block in Hebei District, Tianjin City

In the afternoon of May 20th, the block of land named Jinbeijian No. 2016-037 (listed) in Hebei District of Tianjin was about to be delisted. A great number of 23 real estate companies set a new record for this year's Tianjin land auction market. After 73 rounds of fierce bidding, the first time participator Longjitaihe won the land in Jianchangdao.

Longjitaihe won this land with its high aspirations, and it also accords with the Group's strategic positioning of being 'The Premium Operator of New Urbanization Around Beijing, and the Leading Force of Beijing-Tianjin-Hebei Collaborative Development'. Entering into the Tianjin market is also Longjitaihe's step to become deeply rooted in the Hebei market and the first step to phase into the national strategy. Standing at the turning-point of strategic transformation with a vision for the whole country, and looking forward to the future, winning this potential land in Jianchangdao of Tianjin is an important step for Longjitaihe to become a national well-known brand and move into internationalization strategy.