Chongqing Yukaifa Co Ltd

Chongqing Yukaifa Co., Ltd. announced on September 11, 2026 that the industrial and commercial registration for its acquisition of a 51% stake in Chongqing Huangge Wandu Real Estate Development Co., Ltd. has been completed. Huangge Wandu has become a controlling subsidiary of the company and will be included in its consolidated financial statements. The transaction was approved at the company's fourth extraordinary shareholders' meeting of 2026 on August 3, 2026. The company acquired the 51% stake in Huangge Wandu from Chongqing Hengcheng Rongzhi Investment Management Co., Ltd. at an appraised value of 210.980574 million yuan. Huangge Wandu has a registered capital of 200 million yuan, is a limited liability company under state control, with Zheng Qiang as its legal representative. Its business scope includes real estate development and operation, residential leasing, and non-residential real estate leasing.

On the morning of August 31, the real estate sector strengthened at one point. Tefa Information Service touched a 20 percent daily limit-up, while Yukaifa, Tianbao Infrastructure, and World Union Properties were among several stocks that touched 10 percent limit-ups during the session. 5i5j, whose share price has been climbing recently, opened at a one-word limit-up, with buy orders at the top of the order book once exceeding 5 million lots, securing its third limit-up in five days. Earlier, 5i5j's 2026 semi-annual report showed that, driven by significant growth in second-hand home transaction volumes and market share in core cities, first-half revenue reached 4.702 billion yuan, down 16.90 percent year on year, while net profit attributable to the parent company was 80.79 million yuan, up 110.39 percent year on year. In terms of news, on August 28, the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the National Financial Regulatory Administration jointly issued a notice on improving the commercial housing sales system. The People's Bank of China and the National Financial Regulatory Administration jointly issued opinions on reforming and improving real estate credit management to accelerate the construction of a new development model for real estate. On the same day, the China Securities Regulatory Commission released opinions on capital market support for building a new development model for real estate. Kaiyuan Securities believes that after this policy release, the industry will shift from selling "futures" to selling "spot" properties, and future competition among developers will focus on product strength and financing capability.

Chongqing Yukaifa announced that on July 16, 2026, it received approval from the China Securities Regulatory Commission for its registration application to issue shares to specific investors. The private placement plan aims to raise 81.14 million yuan. The approval document number is CSRC Permit No. 2026-1691.

Chongqing Yukaifa announced that it has received the Acceptance of Registration Notice from the National Association of Financial Market Institutional Investors, approving the registration of its medium-term notes with a registered amount of 330 million yuan. The registration quota is valid for two years from the date of the notice, with Industrial Bank and China Minsheng Bank acting as joint lead underwriters. The company may issue the notes in tranches within the registration validity period. The registration of the medium-term notes was approved at the 53rd meeting of the 10th board of directors and the second extraordinary general meeting of 2026. The registration and issuance period is five years, with an amount not exceeding 330 million yuan.