[ET Net News Agency, 11 December 2019] Joy City Property Limited (00207) said Sanya
Jiayue, an indirect subsidiary of the company, obtained the confirmation letter approving
the bid of the land use rights of the land offered for sale by the Resources and Planning
Bureau of Sanya at the auction for RMB1.64 billion.
The total site area of the land is approximately 63,300 square metres. The term of the
land use right is 40 years. (RC)