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The cinema movie "Navigation for Love" was launched in Shenzhen, and the theme of road romantic comedy attracted attention

The cinema film "Navigation for Love" was officially launched in Shenzhen on November 20, 2022. The film was directed and written by Shen Mubai, starring Hong Kong movie stars and domestic powerful young actors: Gao Junxian, Li Fengming, Zhuang Simin, Yang Han, Zhao Shaoying, etc. The screenwriter and producer Li Lisa, produced by Mubai Film (Shenzhen) Co., Ltd., is a road love light comedy film with tears in laughter and thought-provoking. Art director and producer, chairperson of Shenzhen Film and Television Association, vice chairperson of Shenzhen Federation of Literary and Art Circles Li Yawei, vice chairperson of Shenzhen Film Association Wu Xiaoyun, secretary general of Shenzhen Cinema Federation Gu Yanhui and others attended the launch ceremony.

The film "Navigating for Love" explores the emotional situation of urban men and women and the divorce crisis, explores the Chinese people’s spiritual casting during the economic transition period, explores the Chinese spirit, and the emotional story with ups and downs and the spirit of the times. The film’s plot with profound social realism resonates with the audience, finding their own shadows from the male and female protagonists, and has a wide range of marriage lessons for the audience. It also promotes the positive values of cherishing marriage in front of them. It explores navigating for love, navigating for home, and navigating for heart.

At the opening ceremony, the main screenwriter and producer Li Lisa introduced: The film "Navigation for Love" is China’s first Beidou-themed film, and it is also the first road light comedy to show the love energy of Beidou technology. By telling the emotional story of Beidou engineers’ individual family, it brings out the silent dedication to the country’s high-precision science and technology, and promotes the positive energy of unremitting struggle and positive progress in society. I hope that the audience and friends will feel the power of Beidou Navigation technology in our country in the film, and at the same time, they will understand the true meaning of managing beautiful love and happy marriage, so as to have a better life. The film is of great social significance. We must always keep in mind that behind the scientific and technological power is the hard work of countless scientific researchers who have sacrificed their families for everyone. We pay tribute to all the scientific and technological workers and their families who have silently The film has elements of the New Year, expressing the strong complex of Chinese people returning home for the Spring Festival, road themes and romantic comedies, which are extremely dramatic.

The film "Navigation for Love" is a project included in Shenzhen’s small-budget film planning. After the review and guidance of the Shenzhen Small-budget Film Planning Headquarters, the artistic director and producer of the Shenzhen Film and Television Association, the vice chairperson of the Shenzhen Federation of Literary and Art Circles Li Yawei, the vice chairperson of the City Film Association Wu Xiaoyun, and the secretary general of the Shenzhen Cinema Federation Gu Yanhui all fully affirmed the film.

Director Shen Mubai won the New Director Award at the 12th Macao International Film Festival. Director Shen Mubai is a well-known choreographer in South China. His representative films include "Dream Awakening Golden City", "Ultimate Code", "Hua Xiaolou", and "Countdown to the Order". He was once introduced to the film industry by Hong Kong film tycoon Hua Qiang and Xiang Tai. He has written and directed many high-quality films. He was nominated for the "Brothers of Heaven and Earth" and was nominated for the "Excellent Screenwriter of the Year" list of the original intention list. The director’s film "Navigation for Love" was selected as one of the ten small-budget film planning projects in Shenzhen.

Director Shen Mubai said that "Navigation for Love" is a realistic road movie with deep insight into social reality and strong practical significance. It has a profound and full depiction of human nature, ups and downs, touching and touching the hearts of the audience. The movie plot and unique movie style, many powerful actors in mainland Hong Kong contributed a good play with their superb acting skills. At the same time, this road movie was sponsored by Skyworth Automobile, Shangguan Tai Sauce Wine, and Yihaizhu, which is full of entertainment in addition to art and art. The movie received guidance and support from Guangdong Film Bureau, Shenzhen Municipal Party Committee Propaganda Department, Municipal Federation of Literary and Art Circles, Municipal Film and Television Industry Federation, Municipal Cinema Federation, Longgang District Propaganda Department, Longgang District Cultural and Industrial Office, etc. Shen Mubai said that he will direct more high-quality movies to give back to the audience.

The guests agreed that the plot of the cinema film "Navigation for Love" resonated with the audience, and the main characters in the story ranged from the mysterious Beidou scientific researchers to the white angels who saved the wounded and wounded around the audience. Many audiences can find their own shadows in the male and female protagonists, which has a wide range of marriage inspiration for the audience. It is an excellent cinema romance light comedy road movie that explores new commercial value. It is very capable of spreading genes with word-of-mouth bursting, and small-budget movies may also create box office miracles.

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Smart maps for future navigation

The output value of the geographic information industry has grown by more than 20% for more than 10 consecutive years –
Smart maps for future navigation


On November 18, the first United Nations World Geographic Information Conference Technology and Application Exhibition opened in Deqing County, Zhejiang Province. The picture shows exhibitors introducing an intelligent unmanned surveying ship to visitors. Xinhua News Agency reporter Photo by Weng Xinyang

Since the beginning of the 21st century, geospatial information technology has been deeply integrated with the Internet, big data, cloud computing, artificial intelligence, etc., giving birth to new products, new services, new business models, and more deeply affecting economic and social development and the daily lives of ordinary people. Geospatial information will become the infrastructure of the digital economy era like "water" and "electricity", "navigating" for the future

Now, even in an unfamiliar place, people don’t have to worry about getting lost. They can easily find the place they want to go by taking out their mobile phone to locate and navigate. Even, what food and shopping places are around, you can easily find out through your mobile phone.

Today, the professional and mysterious geographical information in the eyes of people in the past is so closely related to real life. From November 19 to 21, the first "United Nations World Geographic Information Conference" with the theme of "Drawing Space Blueprints Together to Build a Better World" was held in Deqing, Zhejiang. Here, not only did geographic information experts and scholars imagine the future, but also various companies exhibited the latest geographical information application results.

Become the infrastructure of the future

Do you understand? Eighty percent of information about human activities is related to geography. Liu Zhenmin, the deputy secretary-general of the United Nations, said that geographic information, like "water" and "electricity," is an infrastructure that will be ubiquitous.

In general, geographic information technology includes geographic information system, remote sensing, Global Positioning System and digital earth technology, and is widely used in economic construction, social development, ecological protection and disaster early warning.

Since the beginning of the 21st century, the deep integration of geographic information technology with the Internet, big data, cloud computing, artificial intelligence, etc., has given birth to new products, new services, and new business models, and has profoundly affected economic and social development and the daily lives of ordinary people.

Data show that the output value of our country’s geographic information industry has increased by more than 20% for more than 10 consecutive years. As of the end of June 2018, the number of employees in our country’s geographic information industry exceeded 95,000. The total output value of the geographic information industry in 2018 is expected to exceed 620 billion yuan, an increase of 20% year-on-year.

Alibaba CEO Zhang Yong said that in the 19 years since its establishment, Alibaba has grown from a small company to a huge digital economy covering e-commerce, payment, cloud computing, logistics and other fields, which cannot be separated from the support of geographic information technology.

He believes that geographic information technology is the bedrock of the digital economy and will become the infrastructure of the future digital economy.

It is based on this realization that Alibaba acquired Autonavi Maps in 2014. Currently, Autonavi Maps provides real-time traffic conditions in more than 360 cities and all highways across the country, with minute-level updates.

"We provide geographic information services not only for consumers, but also for third parties, and its extended functions such as logistics, food and beverage delivery, driverless driving, and autonomous driving are forming an ecosystem," Mr. Zhang said.

Experts say that geographic information is an important prerequisite for accurately grasping national conditions and strength, a country’s basic and strategic resources, and an important basis for governments to implement development plans, carry out macro-management, maintain national security, and build ecological civilization. It must be fully utilized and made good use of.

Empowering new industries and new business models

At the first United Nations World Geographic Information Congress Technology and Applications Exhibition, more than 200 participating companies showcased their new applications of geographic information technology.

In the southern surveying booth, fixed-wing, multi-rotor and other drones were arranged in sequence; millimeter-level precision surveying and mapping instruments attracted many professionals to stop and visit.

According to Guo Qing, a surveying and mapping staff member in the south, drones can be applied to agricultural insect control, forest fire prevention and many other scenarios to achieve efficient and automated data collection. These jobs that previously required a lot of high-intensity field operations can now be easily completed through drones.

He said that Southern Surveying and Mapping has now created a new model of surveying and mapping engineering in drone aerial surveying, 3D laser scanning measurement, indoor positioning and navigation systems, and developed new business models.

In recent years, gas pipeline leakage and explosion, urban waterlogging, road collapse and other situations have occurred from time to time. How to ensure the safety of the urban underground pipeline network that is beyond people’s sight?

At the Zhengyuan Information booth, staff member Wang Lei introduced that the problem of urban pipeline network safety will be solved in four steps. First, carry out a census of urban underground drainage, gas, heat and other pipelines; second, carry out hidden danger investigation of underground pipelines and surrounding environment to form a pipeline health file database; third, strengthen governance for related problems; fourth, install Internet of Things sensing devices for key locations and equipment of pipelines to realize real-time monitoring of the safe operation status of underground pipelines, so as to improve the safety supervision level of pipelines.

At the JD.com booth, the unmanned delivery vehicle attracted the attention of many attendees. With the support of high-precision maps, this unmanned delivery vehicle can accurately park at the delivery point through autonomous positioning and navigation, and realize point-to-point logistics distribution. According to reports, JD.com unmanned vehicles are currently in operation in Beijing, Shanghai, Tianjin, Guangzhou and other places.

Smart agriculture, smart tourism, smart transportation, smart medical care – geographic information technology is constantly giving birth to new industries and new business models, making cities smarter and people in cities enjoy a more convenient life.

Smart maps are becoming the product of machine learning and the best representation of artificial intelligence, Zhang says. A truly intelligent map knows what you want and can make judgments for you based on your previous behavior.

Derivatives are everywhere.

What can geographic information technology do for cultural heritage protection? At the booth of Guangzhou Ouke Information Technology joint stock company, 360-degree panoramas, three-dimensional models and other forms showed our country’s rich cultural heritage data results, as well as the dynamic protection system of cultural heritage "point-line-surface".

Xiong Aiwu, chairperson of the Guangzhou-based Euco Information Technology joint stock company, said that in the past there were many urban plans, but they were often "separate", and it was inevitable that there would be collisions between plans. By collecting relevant geographical information and integrating cultural heritage data into urban planning, cultural heritage protection was achieved at the planning stage.

In this booth, there is also an interactive experience area, where cultural heritage is disseminated through various forms such as scanning the code to see the building, enhancing the public’s experience.

Through AI (artificial intelligence) technology, land violations and chaos can also be detected early. In the exhibition, the reporter saw that the Land and Resources Bureau of Zibo City, Shandong Province cooperated with Alibaba to realize the automatic analysis, identification and comparison of satellite remote sensing images for the first time in the country using artificial intelligence technology. This move has greatly improved the efficiency of land and resources supervision and law enforcement, shortening the analysis and comparison of remote sensing photos that originally took several months to complete to a few minutes. In this way, the previous punishment for land violations can be turned into intervention in the event.

At the conference, many experts and scholars also mentioned that while the current development of geographic information technology allows people to enjoy convenience, the greatest concern is the security of personal information, including information leakage and the unreasonable use of information.

In addition, the issue of the "digital divide" caused by the level of regional development also attracted the attention of the participating experts. Due to uneven development, it may lead to a widening gap in the application of digital information technology in various regions, eventually creating a vicious circle.

"Let’s use geospatial information to build a safer, better world where no one is left behind." The congratulatory video sent by UN Secretary-General António Guterres to the conference resonated with many attendees, and this may be the direction of future efforts. (Reporter, Huang Xiaofang)

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Huang Jianxiang on "China Star Jump": Sports is the most authentic reality show

  Xinhuanet, Beijing, April 12 (Reporter Zhou Xin) Last weekend, two diving star reality shows were broadcast on local satellite TV one after another, which also caused heated discussions. Huang Jianxiang, who hosted Zhejiang Satellite TV’s "China Star Jump", said, "The reality show of diving stars we are now conducting is to convey a message to the audience: diving is a project that can lower the technical threshold and people of different ages and physical conditions can play. As long as you participate in it, there will be progress and gains."


  After covering many sporting events, Huang Jianxiang has been wondering for many years: what is sports, what is game, and why do English-speaking people always like to say "it’s a game"? According to Baidu search, the explanation of sport is "sports", which can be extended to "entertainment, recreation, game". Game is "competition, game, competition". Both are entertainment and games. But in the past, sports have always appeared on Chinese TV screens with the serious face of "pursuing higher and faster". This time, by hosting "China Star Jump", Huang Jianxiang has a new insight.


  "Sports is fun, it’s a process of constantly improving yourself compared to yourself. Jumping rope, throwing sandbags, fishing, climbing mountains, swimming, track and field, playing ball are all fun, and it’s all sports. Participating in sports itself is a thing that makes people feel happy." Huang Jianxiang said that the emergence of sports-element variety shows like diving reality shows is a natural thing, which makes the original content increasingly homogeneous TV shows a new bright spot.


  "Judging from the development trend of international reality TV shows, most of them start with singing and dancing and other talent shows, and slowly transition to skills, and finally to sports, and it is a diving event that Chinese people are good at. This makes me very happy as a sports media person," Huang Jianxiang said. "I don’t want to turn on the TV and there will be an overwhelming number of movies and TV dramas, singing, dancing, blind dates… It seems that only people who engage in literature and art can have dreams. Sports are also dreams. Even if they are not professional athletes, the pursuit of sports by ordinary people is also worthy of respect."


  In fact, sports itself is the most authentic reality show. There are rules, no director, no script, and you can’t do it all over again. No one knows what will happen in the next second and what the result will be. This is the most touching part of sports. Huang Jianxiang’s most profound memory is the commentary of the men’s double 3m board final at the 2004 Athens Olympics. "No one expected that a spoiler would suddenly burst out of the audience, and no one expected that the Chinese team that was far ahead would score zero points in the final jump, resulting in the gold medal being dropped. All this makes me feel that every game is the most authentic live reality show."


  "China Star Jump", which began broadcasting on April 6, and then "Star Diving Cube" by Jiangsu Satellite TV, have triggered various heated discussions, including some negative remarks, such as celebrities fighting for their lives and making a fool of themselves… Huang Jianxiang believes that the current reality show of diving stars only hopes to convey a message to the audience: diving can lower the technical threshold, and people of different ages and physical conditions can participate in it.


  "Diving is an extreme skill sport that must be trained and completed under the guidance of a professional coach. Safety measures must come first. No one will work hard for fun, and so do celebrities. They are very serious when training, and they pay more attention when they are officially recording the program, which inspires the competitive and crazy side of their personality." After watching a lot of star training, Huang Jianxiang did not agree with the star’s statement: "Celebrities are also ordinary people, and they have to’start from scratch ‘in their fields that they are not good at, which can relieve the mystery and alienation of many people about sports. Sports is not’you can only win, you can’t lose’, and there are not various restrictions. Sports are open to everyone."


  "We want sports variety shows like’Star Jump ‘to convey positive energy – as long as you participate in sports, you can have fun and enjoy it. Of course, different people can find different sports that suit them, and it’s not necessarily all diving," Huang Jianxiang said.

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Geely Galaxy L6 is listed, refreshing the value standard of A-class sedan

China Economic News Network (Liu Chenxi)On September 16, Geely Galaxy L6 was officially launched, launching 60km pure electric battery life AIR version, PLUS version and 125km pure electric battery life PLUS version, MAX version and starship version, a total of five models, the national unified retail price is 115,800~ 1 49,800 yuan, will also enjoy seven car purchase gifts. AsGeelyA blockbuster strategic model that practices the concept of "building an intelligent boutique car for everyone", Geely Galaxy L6 comes standard with four "firsts": Acupuncture is only the entry standard, the proportion of thermoformed steel in the whole vehicle far exceeds the same level, safety first! 1.5TD Raytheon hybrid engine, the world’s first in mass production thermal efficiency! 247 km/h fastest car is far ahead, performance first! Xingrui Smart Computing Center, the first in China’s manufacturing computing power! ItsforAThe premium sedan market sets new benchmarks in safety, performance, energy efficiency, comfort, and intelligence,Is currently15The smartest boutique in the 10,000-class sedan market.

In terms of security that new energy users are most concerned about, Geely Galaxy L6 does not do "test-oriented" security, but ratherProtect the vehicle indiscriminatelyEvery passengerSafety. ItsThe Aegis battery safety system installed has successfully passed all-round, no dead ends,Safety far beyond the national standardTest.includeThe most difficult and demanding battery acupuncture test in the industry,Battery pack seawater corrosion immersion test,Three-sided drop whack test,External fireTest.Positive and negative bottom scraping test,120 ℃The limit temperature difference test, etc.averageTo achieve no smoke, no fire, no leakage, no explosion, the battery safety far exceeds the same level.

 

Image 1 Source, Geely Galaxy L6

 

New energy vehicle safety should not only focus on batteries, but also on vehicle safety. It is understood that Geely GalaxyL6With the high safety afforded by the e-CMA intelligent electric hybrid native architecture that far exceeds the same level, the vehicle body is made of 72% high-strength steel.Exceeding a number of similar products.

In terms of formaldehyde volatiles, according to the test report of China Automotive Research, Geely GalaxyL6After experiencing40 ℃High temperature exposure2After an hour, the amount of formaldehyde evaporated in the car was only per cubic meter0.05G, much lower than the national standard per cubic meter0.08 g

In terms of energy saving and performance, Geely Galaxy L6 has also achieved the industry-leading level. Empowered by the new generation Raytheon Electric Hybrid 8848, Geely Galaxy L6 has the longest comprehensive battery life of the same class under WLTC conditions of 1370km. According to recent measured data, its fuel consumption for 100 kilometers of power loss is only 3.61L, and it only takes 6.3s to accelerate 100 kilometers. The top speed is a record of 247km/h "the fastest electric hybrid car".

Compared with the 1.5L self-priming engine and single-speed transmission generally equipped in the same class of cars, the 1.5TD Raytheon electric hybrid engine standard in the Geely Galaxy L6 series has a thermal efficiency of up to 44.26%, and is equipped with a 3-speed variable frequency electric drive DHT Pro.Ensure that the vehicle does not stall at full speedFar ahead of the single-speed transmissionFuel economy and high power performance

In addition, the native 29100N · m/deg torsional stiffness of the e-CMA intelligent hyperelectric architecture, as well as the combination of front McPherson and rear four-bar independent suspension, allowed Geely Galaxy L6 to achieve a speed of 80km/h in the wetland elk test, far exceeding its class.

 

Image 2 Source: Galaxy L6

 

The Geely Galaxy L6 is also comfortableNew standards in cockpitThe whole series is equipped with the only "marshmallow seat" in the same class as standard. The seat cushion is filled with a 15mm comfort sponge, the backrest is filled with a 20mm memory sponge, and the rear seats are also filled with a 270 ° wrapping soft touch +30° back tilt angle design, andlargest in the same class1000MmRear legroom, bringThe main driver is supported enough, the co-driver is soft enough, and the rear sofa offers a differentiated and comfortable experience.

In terms of intelligent experience, Geely Galaxy L6 has become a new generation of AI intelligent benchmark with the combination of intelligent cockpit and AI large model. The whole series comes standard with the strongest Qualcomm 8155 chip of the same level, supplemented by the advanced computing power of Geely Star Smart Computing Center, the Galaxy N OS intelligent operating system not only has a silkier touch, but also can realize visible speech, voice second response, and a richer software ecosystem. Geely’s self-developed map navigation, happy digestion music and other 42 commonly used apps and Mini Programs are all standard. With the help of the artificial intelligence model, Geely Galaxy L6 is also equipped with the first generative AI product in the automotive industry – Wow wallpaper, as well as AI voice interaction, AI music MV, AI children’s picture book, AI voice interaction outside the car, etc., allowing users to achieve seamless interaction inside and outside the car.

What’s more worth looking forward to is that the two versions of Geely Galaxy L6 Starship and MAX will push the "Galaxy Butler Sentinel Mode" to users through OTA at the end of the year, which can realize 24-hour 360 ° real-time monitoring of vehicles in the parking state, and push reminders to users when necessary.

 

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Basically solve the elderly and foreign visitors to Beijing payment problems before the end of April cruise taxi cash payment barrier-free

  "Capital Window" released on March 26, in order to better meet the elderly, foreign visitors to Beijing and other groups of diverse payment service needs, "Beijing on the Further Optimization of Payment Services to Improve the Convenience of Payment Work Implementation Plan" recently issued, requiring by the end of April 2024, to achieve the cruise taxi cash payment barrier-free; by the end of June 2024, in the city’s three-star (inclusive) above the hotel, 3A (inclusive) above the tourist attractions to add a number of payment service facilities; by the end of December 2024, the basic solution to the elderly, foreign visitors to Beijing and other groups payment pain points difficult problems.

  The implementation plan is divided into 22 key tasks in five aspects, and the main responsible departments are clarified. Continuously improve the bank card acceptance environment and enhance the coverage of card payment, it is required to continuously improve the convenience of using bank cards for the elderly, foreign visitors to Beijing and other groups, and support the use of bank cards for public utility payment, medical care, tourist attractions, shopping malls and other convenient service scenarios. Relevant departments should focus on food, housing, transportation, tourism, shopping, entertainment, medical and other scenarios, and in accordance with the principle of "sufficient and necessary", determine the list of key merchants in large business districts, tourist attractions, tourist resorts, night culture and tourism consumption agglomeration areas, cultural expo venues, cultural and entertainment venues, hotels, transportation hub sites, medical institutions and other key places, and promote the inclusion of merchants in the list. The coverage rate of overseas bank card acceptance end points (POS machines) continues to increase.

  The convenience of bank cards in the transportation sector should also be further improved. Relevant departments should speed up the transformation of the software and hardware of bank card acceptance equipment, promote the realization of contactless payment in key travel scenarios such as subways, and provide "one-card" sales and refund services in key places such as Beijing Capital International Airport and Beijing Daxing International Airport.

  Continuously optimize the use of cash environment, in accordance with the law to ensure cash payment, the implementation plan proposes that the relevant departments should guide banking institutions to actively promote the network service senior-friendly transformation, reasonable retention of artificial cash counters, the establishment of the elderly payment business handling green channel; based on the elderly payment service needs, and constantly enrich all kinds of senior-friendly payment scenarios.

  According to the implementation plan, the city will further optimize the deployment of self-service teller machines (ATMs), increase the coverage of ATMs that support overseas bank card withdrawals, continue to optimize foreign currency exchange services, and standardize cash collection and payment work, especially to guide shopping, catering, accommodation, tourism and other people’s livelihood, and foreign-related business entities to publicly commit to receiving cash, and provide cash in sufficient quantities and different denominations according to the business volume, so as to guide the taxi industry to use change as a service standard.

  The implementation plan also points out that to promote the solution of the problem of cash "ticket purchase difficulty" and "travel difficulty", in parks, sports and fitness venues, tourist attractions, cultural centers, libraries, museums, art galleries and other places, keep manual ticket purchase windows to support cash payment.

  In terms of vigorously promoting mobile payment, optimizing account services, and strengthening publicity and promotion, the implementation plan has put forward a number of requirements, such as optimizing the mobile phone number business process for foreign visitors to Beijing, broadening processing channels, providing good international roaming services, and providing basic support for mobile payment and other services.

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Cancel taxi operating royalties in many places, or force them to reduce "molecular money"

Cancel taxi operation royalties in many places or force them to reduce "molecular money"

  Data map: Citizens prepare to board a taxi at the taxi waiting point of Beijing West Railway Station. Photo by Hou Yu, China News Agency

  China News Service, Beijing, March 26 (reporter, Li Jinlei) Taxi reform is blossoming at the local level, and exploration is moving forward. China News Service (WeChat official account: cns2012) reporter noticed that Shenzhen, Suzhou, Wuxi, Changzhou, Xuzhou, Nanchang, Nanjing, Ningbo, Jinhua, Hangzhou, Yiwu, Wuhan and other more than 10 cities have successively cancelled the paid use fee for taxi operation rights, and implemented free use of taxi operation rights.

  The free use of taxi operating rights has become a trend

  In October last year, the Ministry of Transport issued the "exposure draft" on deepening reform and further promoting the healthy development of the taxi industry, proposing to gradually implement restrictions on the period of operation rights and free use. All new taxi operation rights shall be used free of charge, and the main business entity shall not be changed. Local governments shall not introduce new policies on the paid use of operation rights. Where the paid use of operation rights has been implemented, the city people’s government shall consider factors such as fair competition in the market, formulate a scientific and reasonable transition plan, and gradually cancel the paid use fees.

  Recently, Shenzhen proposed to implement the reform of the taxi industry and realize the free use of operating rights, which attracted attention. China News Service reporters found that in addition to Shenzhen, since this year, Suzhou, Wuxi, Changzhou, Xuzhou, Nanchang, Ningbo, Jinhua, Yiwu and other cities have also implemented the free use of taxi operating rights.

  Among them, since January 1, 2016, Ningbo and Jinhua have cancelled the collection of paid use fees for urban taxi operation rights, and Yiwu has also cancelled them all. Nanchang also made it clear in February that it will stop collecting paid use fees for taxi operation rights from this year, and will refund the paid use fees for taxi operation rights actually collected in advance after January 1, 2016.

  Since March 1 this year, Suzhou City, Wuxi City, Changzhou City (excluding Jintan District), and Xuzhou City in Jiangsu Province have stopped collecting paid use funds for taxi operating rights, and implemented free use of operating rights.

  Earlier, Hangzhou, Nanjing, Wuhan and other cities have introduced policies to stop collecting paid use fees for taxi operation rights from 2015. Among them, Hangzhou also made it clear that the operation rights of taxis are 6 years each.

  Liu Xiaoming, director of the Department of Transport Services of the Ministry of Transport, said at a press conference during the National Two Sessions this year that the taxi reform has a very clear direction, that is, the right to operate taxis should be free of charge and limited, with the aim of enabling taxi services to enter a virtuous circle and to obtain the right to operate with high-quality services.

Data map.

  Data map.

  Or will force companies to reduce "portion money"

  "I work an average of at least 10 hours a day, the first eight hours are to earn’some money ‘, and the extra two hours are really my income," a taxi driver in Beijing Yinjian told China News Service.

  Under the background of the impact of the network "special car", the number of passengers and the decline in income, whether the "part money" can be reduced is a particularly concerned issue for the majority of taxi drivers. So, does the cancellation of the paid user fee for operating rights mean that my brothers and sisters don’t have to pay "part money" anymore?

  In fact, this is not the case. The paid royalties for operating rights are collected by the government from companies, and they are only part of the "part money". Liu Xiaoming revealed that although the standards and items of "part money" vary from place to place, on the whole, it includes vehicle depreciation, insurance, maintenance fees, driver’s basic salary, social insurance, business management costs, taxes, profits, and the allocation of operating rights royalties.

  However, after the cancellation of the paid use fee for the operation right, the burden of the taxi company will be reduced, and the "part money" will have room to decline. According to media reports, there are 4040 taxis in Wuxi urban area, and the paid use fee is 8,000 yuan per license per year. The cancellation of the taxi operation right use fee is equivalent to an annual profit of more than 30 million yuan.

  The Jiangxi Daily report also pointed out that the paid use fee for a taxi in Nanchang for 8 years is more than 60,000 yuan, and the paid use fee for 5 years is nearly 40,000 yuan. The implementation of the reduction and exemption of the paid use fee for the right to operate will force the enterprise to reduce the "part money" of the contractor.

Data map.

  Data map.

  "Part money" proposed in many places will be determined through negotiation

  After all, it is expedient to force enterprises to reduce "molecular money" by canceling the paid royalties for operating rights. How can we truly reduce "molecular money" and reduce the burden on taxi drivers through reform?

  China News Service reporter noted that the above-mentioned taxi reform exposure draft has proposed to encourage, support and guide taxi companies, industry associations and taxi drivers, trade unions to negotiate on an equal footing, reasonably determine the taxi contractor fee standard or quota task, and implement dynamic adjustments according to factors such as operating costs and freight changes.

  Some localities have also suggested that "portion money" will be determined through negotiation. On March 24, Shenzhen announced "four measures to streamline administration and decentralize power in the taxi industry to protect the legitimate rights and interests of drivers," including reforming the monthly payment quota ("portion money"), which will be determined by the company and the driver.

  Hangzhou also proposed to improve the organizational structure of taxi industry associations composed of operators and drivers, and promote the collective negotiation system of industry wages and contract fees.

  However, when it comes to negotiating to determine "part money", taxi drivers are generally worried that they are a disadvantaged group compared to enterprises, and the final negotiation result may not be satisfactory.

  In this regard, Liu Xiaoming believes that trade unions should play a very important role in negotiations. In fact, these three parties are more important, one is the trade union, the other is the enterprise’s industry association, and the other is the government, which regulates whether the enterprise has profiteering. Under such circumstances, trade unions and industry associations represent different interests, and the government plays a more regulatory and adjustment role in it. This is conducive to the healthy development of the entire industry and can better safeguard the interests of drivers. (End)

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Geely’s "New Strength National Coupe" Binrui COOL is officially listed

  On May 20, Geely Automobile’s "New Strength National Coupe" Binrui COOL was officially launched, and the new car launched a total of 3 models: Fengchi Edition, Electric Switch Edition and Thunder Edition. The official guide price is 94,800 yuan – 109,800 yuan.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image001 copy

  As Geely’s A-class sports coupe designed for young consumer groups, Binrui COOL has further established Geely’s leading advantage in the field of Chinese brand sports cars by virtue of its cool and stylish appearance, "fast, fierce and provincial" super power, and leapfrog and rich intelligent safety configuration, and has become a new benchmark in the A-class sports car market segment.

  At the same time as announcing the price, Geely Automobile also launched five "ruthless angle exclusive rights". All users who buy Geely Binrui COOL can enjoy five benefits such as "first enjoy and then pay package", "super double package", "strong financial package", "rejuvenation energy package" and "worry-free car package".

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image002

  Adopt the racing storm design language to lead the new fashion of the A-class coupe

  As a "new strength national coupe" specially created by Geely Automobile for young people, Geely Bingrui COOL adopts the design language of "racing storm" based on the evolution of "energy storm", and integrates the sense of speed and sports into the body details, highlighting the "fierce" youthful trend atmosphere.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image003

  In terms of appearance, Geely Binrui COOL has the iconic wide-body low-lying body posture, Fastback slip back shape, galloping high waist line and flying spoiler tailgate. The streamline of the roof follows the direction of the wind and presses down to the rear wing, bringing ultra-low wind resistance and more efficient air drainage, which is highly impactful in visual effect. In order to better fit the positioning of "ruthless car", Binrui COOL also adds wind-pulling performance elements such as a broken front tail, bilateral real exhaust, blackened wind-chasing wheels and yellow performance calipers, which are more in line with the individual preferences of young users. In the body color scheme, Geely Binrui COOL fully considered the attitude expression of young consumer groups, and launched five bold and escape-free exclusive color schemes such as ruthless green, energetic lemon, hunting red, racing gray and chasing white.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image004

  In terms of interior, Geely Binrui COOL adopts the design concept of "Energy Awakening Cockpit", and the variable contrasting color design of Phantom Orange, Storm Grey and Hard Green echoes the young and sporty body color scheme. The center console of the new car adopts a suede-like contrasting color trim, and the front door guard is integrated with a 72-color streamer ambient light. Users can set the scene mode in the car according to their preferences. The 10.25-inch full LCD instrument and 12.3-inch central control screen are combined to form a super-sensory suspension dual screen. It adopts a suspended three-dimensional design. The central channel comes with a variety of storage space. Hundreds of different combinations can be realized in 10 slots for 3 inserts, which can meet the needs of item placement in an all-round way. The volume of storage space in 6 sub-dashboards reaches 15.3L.

  In terms of details, Geely Binrui COOL has adopted a ring-shaped competitive seat and a newly upgraded racing electronic gear lever, presenting a strong sports competitive atmosphere that instantly ignites the driver’s driving passion.

  Geely Galaxy OS system, L2-level intelligent driving blessing, leading the industry in intelligent safety configuration

  In terms of intelligent interconnection and driving control safety, Geely Binrui COOL is also "ruthless". The new car is equipped with Bosch ESP9.3 body stability control system, Geely Galaxy OS system, electric anti-clip sunroof, etc., which brings users a leapfrog consumer experience.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image005

  In terms of smart technology, Geely Binrui COOL has fully considered the needs of young consumers for intelligent interaction and technological convenience. It is equipped with a 12.3-inch HD high definition touch screen with a resolution of 1920 × 720, and is equipped with Geely Galaxy OS system. It adopts E02 chip, industry-leading 12nm advanced process technology, 8-core CPU, 6G memory, 64G storage, to achieve smooth and convenient operation like a mobile phone. Geely Galaxy OS system integrates intelligent AI voice control, mobile phone smart Bluetooth key, APP remote vehicle control, 4G WiFi high-speed Internet access, Autonavi map and many other functions into daily car scenes. In the future, more ecological applications will be introduced through FOTA global upgrade to further enrich and expand the application experience.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image006

  In terms of driving safety, Geely Binrui COOL is equipped with a "ten-in-one" Bosch ESP 9.3 body stability control system, which provides users with a faster response to corrections in emergency situations and more accurate body dynamic control, providing driving safety. At the same time, the new car is equipped with L2-level intelligent driving assistance, which includes functions such as ICC intelligent pilot system, ACC S & G start-stop full-speed adaptive cruise system, TJA traffic congestion assistance system, and LKA lane departure assistance system, which can achieve lane keeping and automatic following within 0-150km/h, which can effectively relieve driver fatigue; ELK emergency lane keeping assistance, TSR traffic sign intelligent recognition, IHBC far and near light adaptive system and other active safety configurations, which integrate camera and navigation information, can recognize speed limit signs, automatically adjust far and near light, and ensure the safety of drivers and passengers at all times; AEB-P/C urban pre-collision safety system can automatically identify vehicles, pedestrians, and two-wheeled bicycles, timely warning and intelligent braking, effectively avoiding vehicle accidents. With 540 ° panoramic image + transparent chassis, real-time look around the car to avoid scratches, dynamic route assistance, easy to deal with daily car scenes such as reversing and outbound.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image007

  In terms of comfort configuration, Geely Binrui COOL is equipped with an antibacterial steering wheel, an electric anti-pinch sunroof, a fully automatic constant temperature air conditioner, a new discharge trend, an active cockpit air cleaning system, an AQS air quality management system, and an ION negative ion generator. With the car-grade CN95 air conditioner filter element, it creates a safe and comfortable driving space.

  The first Geely Jinqing 1.5TD high-efficiency power system, the power level leapfrogging

  In terms of power, Geely Binrui COOL is the first to ride Geely Jinqing 1.5TD high-efficiency power system, with a zero-hundred acceleration of 7.1s, a starting response of only 0.2s, and a 100-kilometer fuel consumption (WLTC) as low as 5.9L. It has three core advantages of "fast, fierce and provincial". The power level leaps ahead, interpreting the "ruthless car" style of the A-class sports coupe leader.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image008

  The Geely new generation of Jinqing 1.5TD high-pressure direct injection engine equipped by Binrui COOL has a maximum power of 133kW and a maximum torque of 290N · m. Its power performance exceeds the mainstream 1.8T and is comparable to the low-power 2.0T engine. Thanks to 13 key component technologies and 9 low-friction technologies, Binrui COOL has the best high-efficiency fuel-saving technology in the same class, with a fuel consumption of only 5.9L per hundred kilometers (WLTC). In order to provide users with faster and more extreme power response, this 1.5TD high-pressure direct injection engine adopts "black technology" such as "Geely Ailos" combustion system, 350Bar mid-mounted high-pressure direct injection system and small inertia electronically controlled supercharger, which brings the fastest 0.2s fast start response in the same class. In the blink of an eye, people and vehicles can be integrated and the car can move at will.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image009

  In terms of transmission system, the new generation of 7-speed wet dual-clutch transmission equipped by Binrui COOL has a maximum transmission efficiency of 98% and a comprehensive transmission efficiency of 95.5%. Compared with the mainstream wet dual-clutch transmission in the industry, the transmission efficiency is increased by 3 to 7%, which effectively improves the power performance of Binrui COOL in the initial stage. Thanks to the efficient heat dissipation system, the transmission can support a maximum torque output of 300N · m at peak, and the gear shift is precise and smooth. In addition, this transmission is also the first transmission developed in China according to the AUTOSAR system architecture and complies with the ISO26262 international safety standard. It has higher transmission efficiency, better NVH performance and higher manufacturing accuracy.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image010

  As one of the representative works of Geely’s young car, Binrui COOL aims to provide a super-combustible, interesting and enjoyable driving experience for young consumers in China. At present, the domestic A-class sports car market is the "new blue ocean" of the car category. The listing of Binrui COOL will reshape the market standard of this segment, lower the threshold of the coupe market, and lead China’s performance car from the niche to the masses, so that every young person has the opportunity to drive a "coupe". In addition, Binrui COOL will further enhance the competitiveness of Chinese auto brands in the 100,000-class sports car market with its leapfrog product power and super quality-price ratio, and compete head-on with joint venture sports cars such as Civic. (Geely Automobile, photo)

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Ideal "rose sharply", NIO "downgraded", Li Bin: "My cash is pretty miserable"

Can NIO "live a hundred years"?

Author | Zhao Pu

Editing | Interesting Business

"Peers don’t have the same life", Li Auto (2015.HK) announced that the performance rose at the same time, NIO US stocks suffered ratings and target share prices fell.

According to the annual report data released by Li Auto on February 26, the company’s revenue in 2023 was 123.851 billion yuan, and its net profit was 11.809 billion yuan, which rose 173.48% and 681.06% year-on-year respectively. The two performance indicators reached a new high; its Hong Kong stock price also ushered in a sharp rise of over 23% on February 27. The closing price of the day was 172.3 Hong Kong dollars. As of February 29, Li Auto’s closing price was 177.3 Hong Kong dollars/share, and the market value of Hong Kong stocks was 313.10 billion Hong Kong dollars.

On the same day that Li Auto released its earnings report, the target price of NIO US stocks, which used to be a "new power" partner, was lowered from $8.50 to $5 by JPMorgan Chase. This is the second time that JPMorgan has lowered the target price of NIO since December last year. On February 29, NIO US stocks were trading at $5.43 per share.

Image source: screenshot of Oriental Fortune

Just on February 27, when Li Bin, founder and chairperson of NIO, was live, netizens in the live stream commented on both support and sharp doubts; when asked "when will NIO go out of business", Li Bin cleverly replied, "This question cannot be answered, and it must be answered by the majority of users. If everyone does not support it, we will have no meaning in life. If they support us, they will surely live a hundred years."

Image source: Weibo screenshot

Li Bin also said in the live broadcast that his annual salary is less than one million, "I am quite miserable in cash now," because everyone in the company has the same travel expenses. If he wants to stay in a better hotel and take a better car, he needs to make up the price difference, and he has to pay a lot of money in a year.

01. Sales volume, share price, and rating are all "downgraded"

Recently, NIO "downgrade" signals have been frequent.

In December last year, JPMorgan Chase lowered the target price of NIO from $10.50/share to $8.50/share. On February 26, NIO was lowered again by JPMorgan Chase to $5/share. NIO’s US stock price has been lowered twice, and the cumulative reduction has exceeded 50%. In addition, NIO’s US stock rating has also been reduced from "neutral" to "underweight".

The "Interesting Business" query found that the lowest price in the history of NIO US stocks appeared in 2019, at $1.19 per share.

JPMorgan said in the report that the NIO Group has fewer new models for 2024, with only one new mass-market model called the "Alps", which may not be available until the fourth quarter. In addition, while the lack of new models, considering that peers such as XPeng Motors and BYD joint stock company are expected to launch new models, "mass market competition is likely to only intensify".

Image Source: Canned Food Gallery

Due to the lack of new models to impact sales, NIO’s sales target in 2024 was lowered to 230,000 vehicles, a decrease of 15,000 vehicles compared with 2023, but NIO’s actual sales in 2023 were about 160,000 vehicles, and the annual target was not completed. Whether the established target can be achieved in 2024 also needs to be verified.

Accompanied by the above-mentioned "downgrade" signals, NIO’s share price has fallen from about 72 Hong Kong dollars per share to 43.8 Hong Kong dollars per share from 2024 to February 29, with a cumulative decline of 39.79% in the first two months of the year. The latest Hong Kong stock market value is about 68.79 billion Hong Kong dollars, which is about 22% of the total market value of Li Auto.

Image source: screenshot of Oriental Fortune

In contrast to Li Auto, some investors joked that "the ideal is about to break new highs, and NIO is about to break new lows". From the historical stock price perspective, the lowest share price of NIO Hong Kong stocks appeared on February 6 this year, and the intraday share price fell to HK $41.55/share.

In the face of market concerns and doubts, Li Bin responded in the live stream that NIO still has tens of billions of funds, so you can rest assured. In addition, NIO will launch hundreds of thousands of new brands next year. At the same time, Li Bin said that NIO’s goal is to serve customers with different brands in the hundreds of thousands, hundreds of thousands, and hundreds of thousands.

According to "Interestingly Understanding Business", in early February this year, NIO sub-brand Alps was exposed to have a sedan and SUV models, with a price range of 200,000 yuan to 300,000 yuan, and will use NIO’s latest NT3.0 platform to build.

02. Does NIO dare to fight a "price war"?

When JPMorgan cut the target price of NIO’s US stock, it specifically mentioned that NIO’s management had emphasized that the company was unwilling to sacrifice profits to increase sales. Li Bin also said that the gross profit of NIO pure electric vehicles is relatively low.

In the eyes of industry insiders, NIO is constrained by cost constraints, making it difficult to keep up with the new round of "price cuts" since the beginning of the year. The launch of hundreds of thousands of models into the low-priced car market next year is also slightly lagging behind in time; after all, the "price war" of various new energy vehicle companies this year has been very intense. How much market share can NIO "take" next year?

Image Source: Canned Food Gallery

Zhang Xiang, a visiting professor at the Yellow River University of Science and Technology, believes that "the overall performance of NIO is still losing money. From this perspective, there is no room for NIO to reduce prices. This is easy to form a vicious circle: reducing prices will further reduce profits and increase the risk of losses; but in the case of competitors cutting prices, if you do not reduce prices yourself, it will be difficult to increase sales. If the sales scale is not large enough, you will not be able to reduce costs, and then there will be no room for price reduction."

To avoid falling into the above vicious circle, NIO must increase sales and reduce overall costs in order to be more proactive in the face of "price wars".

Regarding gross profit margins and price reductions, NIO founder and president Qin Lihong once said that NIO’s gross profit margin is not high, and companies with gross profit margins of 30% to 40% may be able to reduce prices appropriately, but NIO will not do so. According to NIO’s performance report for the third quarter of 2023, NIO’s gross profit margin for vehicles is only 11.0%.

In fact, NIO is relatively passive in the face of the industry’s "price war". In 2023, NIO’s sales only increased by about 37,500 units year-on-year, an increase of about 30.62% year-on-year. Compared with MIIT data, the sales of new energy vehicles in our country in 2023 were 9.495 million units, a year-on-year increase of 37.9%. That is to say, NIO’s sales growth is still lower than the industry average sales growth rate.

Image Source: Canned Food Gallery

"In terms of sales, the growth rate of NIO is lower than the growth rate of the industry, and there is a danger of being surpassed by other car companies." Zhang Xiang said that NIO’s 2024 sales models are still dominated by mid-to-high-end models of 300,000 yuan to 500,000 yuan. The market itself is relatively small in capacity and more competitive. In addition to traditional car companies BBA, other new energy car companies are also joining this market. The mid-to-high-end market is already a red sea. It is also a helpless choice for NIO to reduce its sales target in 2024.

As for the power exchange business that Li Bin has always emphasized, Zhang Xiang also pointed out that there are certain obstacles. "The essence of power exchange is to unify the battery standards of various car companies, but many car companies are relatively resistant to this, especially large car companies such as Tesla and BYD. If each car company cannot unify the battery standard protocol, it will be difficult for the power exchange mode to become the mainstream of the market. With the continuous popularization of charging piles, the improvement of fast charging and super charging technology, the future charging mode is still the choice of most car owners, and there is a risk of being marginalized."

NIO 2023 third quarter performance report shows that the company’s third quarter revenue 19.07 billion yuan, an increase of 117.4%, an increase of 46.6%, cash reserves 45.20 billion yuan, an increase of 13.70 billion yuan, net loss of about 4.557 billion yuan, a decrease of 24.8%

Image Source: Screenshot of Corporate Financial Reports

In the face of cost and profit issues, Li Bin is also trying his best to expand space. Recently, NIO and Anhui Jianghuai Automobile Group Joint Stock Company signed a definitive agreement to acquire certain production equipment and assets from Jianghuai. The production equipment and assets of the first advanced manufacturing base and the second advanced manufacturing base will be purchased from Jianghuai. The total price excluding tax is about RMB 3.16 billion yuan.

Li Bin, chairperson of NIO, said at the earnings conference that "from a manufacturing perspective, if we make it completely independently, the manufacturing cost will drop by 10%".

In the face of the price war, NIO 2023 main models gave a price reduction of more than 20,000 yuan, but the 2024 models did not increase the price, avoiding direct entry into the "price war". Among them, 2024 ES8, EC7, ES6, EC6, ET5T will be delivered in March; 2024 ET5 will be delivered in April; 2024 ES7 will be delivered in May; 2024 ET7 will be released in April and open the lock order.

Li Bin also called on everyone to support NIO in the live stream, and he also tried to make NIO’s financial report look better as soon as possible.

Will you choose to buy NIO? Let’s chat in the comment area.

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Fan Bingbing, Yang Mi, Liu Yan, Zhang Xinyu, inventory of the most beautiful swimsuit actress

In the hot summer, many actresses’ sexy swimsuits attract attention. Whether they have been debuting for many years or post-90s stars are competing to show their most beautiful and sexy side in the summer, but the entertainment industry still relies more on strength and works. Of course, the actresses who appear frequently in the eyes of the world do not only rely on their skin to show people, and their strength should not be underestimated.

Fan Bingbing

In 1998, he starred in the TV series "Huanzhu Gege" and became famous. In 2001, he joined the big screen. In 2004, he won the Best Actress Award at the 27th Mass Film Hundred Flowers Awards for his film. Fan Ye, whose career is at the height of his career, is often the focus of everyone when he appears, and the same is true for swimwear. Once the group pictures on the movie shooting site were exposed, they became a hot topic of discussion. Fan Bingbing, who has been criticized as "a tiger with a big back and a big waist", wears a swimsuit that is also very alluring.

 

Yang Mi

Yang Mi is the most interesting one among the post-80s little flower dans. No matter which TV series or movies she shoots, the audience rating is very high, and whether it is in various scandals such as ambiguity, love, and marriage, the recent marriage of her and Liu Kaiwei has successfully grabbed everyone’s attention. And wearing a swimsuit, she is not unattractive because of her petite figure, but has a material upper circumference. If you don’t believe me, watch this scene of Yang Mi getting out of the pool in the movie.


Liu Yan

Liu Yan, who was born as the first female anchor of the light, has always been known for her breasts, and most of them appear in sexy clothes. Swimwear is not a problem, and she has a beautiful body. She is regarded as a sexy stunner by many netizens, and the sexy Muse in her heart. In recent years, Liu Yan has been more involved in the shooting of film and television works, and more uses his works to speak, including movies, TV series "Let’s Get Married", "War of Two Women", and various reality TV shows.

Zhang Xinyu

Zhang Xinyu was a model and had enviable measurements, especially the slightly towering twin peaks. However, Zhang Xinyu was not only a vase, but also had a high IQ. She used Li Chen to go abroad and finally successfully entered the film and television industry, and then announced that she had no fate with Li Chen.

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Hengda Real Estate plans to sell a 30% stake in Shanghai North Bund Project Company 660 million

Beijing News (Reporter Kodna) December 14, China Evergrande Group (referred to as "China Evergrande") announced the sale of the interests of the project company. The announcement shows that China Evergrande’s subsidiary Hengda Real Estate Group Co., Ltd. (referred to as "Hengda Real Estate") will transfer its 30% equity and project operating interests in the project company to Guangda Xinglong Trust Co., Ltd. (referred to as "Guangda Xinglong Trust") or designated by Guangda Xinglong Trust, the total consideration is about 663 million yuan.

According to the information, the above-mentioned project company was established on September 30, 2020. It is an enterprise engaged in real estate development and is responsible for the development of the North Bund project in Shanghai. The project plot area is about 12,600 square meters, and it is planned to be a commercial and residential office. The total planned area is 45,000 square meters, of which the residential construction area is 20,000 square meters and the commercial construction area is 25,000 square meters. The project company is held by Evergrande Real Estate and the joint venture party is 30% and 70% respectively. The joint venture party is an affiliated party of Guangda Xinglong Trust. The project has been suspended.

The announcement disclosed that the consideration for the sale of the interests of the project company is about 663 million yuan, which is determined by Hengda Real Estate and Guangda Xinglong Trust after fair negotiation with reference to the group’s assessment of the value of the adjacent land plots of the project and the overall situation of the current property market. In addition, 20 million yuan in the consideration will be paid in cash, and the remaining 643 million yuan in cash will be used to settle the current claims of Hengda Real Estate and its related party project company and joint venture party.

Editor, Wu Xin

Proofreading, Zhao Lin