<p data-pm-slice="0 0 []"></p><section style="margin-top: 16px;"><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;text-decoration: underline;">ä¸ã项ç®æ¦åµ</span></span></section><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span><p></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å°åç¼å·ï¼</span>æ¾å°</span></font><font face="Calibri"><span leaf="">2025-C-1</span></font><font face="å®ä½"><span leaf="">å·ï¼å¿ ä¹è¡äºæå°åï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ä½ç½®:</span>æ±è¡éåé¨å°è±¡ä¸ãä¸è½¬æ²³è¥¿ä¾§ï¼å±æ±é´ååæ ¸å¿åºã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åºè®©é¢ç§¯ï¼</span></span></font><font face="Calibri"><span leaf="">21,165</span></font><font face="å®ä½"><span leaf="">ã¡ï¼çº¦</span></font><font face="Calibri"><span leaf="">31.75</span></font><font face="å®ä½"><span leaf="">亩ï¼ï¼å°å½¢è§æ´ï¼å¼åé¾åº¦è¾ä½ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">容积çï¼</span>â¤</span></font><font face="Calibri"><span leaf="">1.0</span></font><font face="å®ä½"><span leaf="">ï¼éåä½å¯åº¦åä¸ç»¼åä½å¼åã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">èµ·å§ä»·ï¼</span></span></font><font face="Calibri"><span leaf="">18,226</span></font><font face="å®ä½"><span leaf="">ä¸å </span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">è§åç¨éï¼</span>åä¸ç¨å°</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¼åå¨æï¼</span>é¢è®¡</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å¹´</span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´</span></font><font face="Calibri"><span leaf="">Q3</span></font><font face="å®ä½"><span leaf="">å¯å¨ï¼</span></font><font face="Calibri"><span leaf="">2028</span></font><font face="å®ä½"><span leaf="">å¹´</span></font><font face="Calibri"><span leaf="">Q3</span></font><font face="å®ä½"><span leaf="">å¼ä¸ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;text-decoration: underline;">äºãåºä½åæ</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.交éé å¥</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">主干éï¼</span>ä¸ä¾§ç´§é»è¹æ¡¥åè·¯ï¼åå¸ä¸»å¹²éï¼ï¼åæ¥åé¨å°è±¡ååï¼åè¿ååå¿«éè·¯ï¼</span></font><font face="Calibri"><span leaf="">10</span></font><font face="å®ä½"><span leaf="">åé车ç¨è¦çæ¾æ±è¡éå ¨åã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å ¬å ±äº¤éï¼</span></span></font><font face="Calibri"><span leaf="">1</span></font><font face="å®ä½"><span leaf="">å ¬éå ææ¾æ±è¡éå ¬äº¤æ¢çº½ç«ï¼</span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">æ¡çº¿è·¯ç´è¾¾é«éç«ãèååºåå»çä¸å¿ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æ¥è¡å¯è¾¾æ§ï¼</span></span></font><font face="Calibri"><span leaf="">500</span></font><font face="å®ä½"><span leaf="">ç±³åå¾è¦çåé¨å°è±¡è´ç©ä¸å¿ãå¿ ä¹è¡åå²æåè¡åºã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.åä¸é å¥</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æçååï¼</span>åé¨å°è±¡è´ç©ä¸å¿ï¼æ¥å客æµé</span></font><font face="Calibri"><span leaf="">1.2</span></font><font face="å®ä½"><span leaf="">ä¸äººæ¬¡ï¼ã大ç»åè¶ å¸ãæå·´å çã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ææ èµæºï¼</span>å¿ ä¹è¡ï¼ç级åå²æåè¡åºï¼ãæ±é´å¸åç©é¦ï¼æ¥è¡</span></font><font face="Calibri"><span leaf="">800</span></font><font face="å®ä½"><span leaf="">ç±³ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">3.æè²é å¥</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¦æ ¡ï¼</span></span></font><font face="Calibri"><span leaf="">1.5</span></font><font face="å®ä½"><span leaf="">å ¬éå è¦çæ¾æ±ä¸å¿å°å¦ãæ±é´å®éªä¸å¦ï¼çéç¹ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¹è®æºæï¼</span>æ°ä¸æ¹ãå¦èæç</span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">家æºæèéï¼å¸å¼å®¶åºå®¢ç¾¤ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">4.å»çé å¥</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">综åå»é¢ï¼</span>æ±é´å¸äººæ°å»é¢ï¼ä¸ç²ï¼</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ãä¸å»é¢åååé¢ï¼</span></font><font face="Calibri"><span leaf="">1.8</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">5.çæä¼é²</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å ¬åï¼</span>ä¸è½¬æ²³æ»¨æ°´æ¯è§å¸¦ï¼å°å西侧ï¼ãé»å±±æ¹å ¬åï¼</span></font><font face="Calibri"><span leaf="">2.5</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;text-decoration: underline;">ä¸ãå¸åºåæ</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.åéåä¸ï¼</span>æ¾æ±è¡éåä¸é¢ç§¯çº¦</span></font><font face="Calibri"><span leaf="">45</span></font><font face="å®ä½"><span leaf="">ä¸ã¡ï¼ä»¥ä¼ ç»è´ç©ä¸å¿ä¸ºä¸»ï¼ç¼ºä¹æåä½éªååä¸ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.ç«äºæ ¼å±ï¼</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ç´æ¥ç«åï¼</span>åé¨å°è±¡ï¼åè´¨å严éï¼ãå¨å»ºçååææ 综åä½ï¼è§å</span></font><font face="Calibri"><span leaf="">2026</span></font><font face="å®ä½"><span leaf="">å¹´å¼ä¸ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å·®å¼åæºä¼ï¼</span>æå</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">åä¸å¤å模å¼ï¼å¾ä¹¦å±è§</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">é¤é¥®é¶å®ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">3.æ¿çå©å¥½ï¼</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">æ±èç</span></font><font face="å®ä½"><span leaf="">âç½ååâæ¿çæ¯æåä¸å°äº§èèµï¼</span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">年贷款è§æ¨¡è¾¾</span></font><font face="Calibri"><span leaf="">5.6</span></font><font face="å®ä½"><span leaf="">ä¸äº¿ï¼ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">æ±é´å¸</span></font><font face="å®ä½"><span leaf="">âåååå¸æ´æ°è®¡åâä¼å 审æ¹æååä¸é¡¹ç®ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;text-decoration: underline;">åã产åå®ä½</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.æ ¸å¿å±æ§</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æåå°æ </span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">+</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">轻度ååä¸ï¼</span>ä¾æå¿ ä¹è¡åå²åºè´ï¼æé âå¯é 读ç建ç</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å¯ä½éªçæ¶è´¹â模å¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.ä¸æç»å</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">主åä¸æï¼å æ¯</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">60%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼ï¼</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: circle;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æåä½éªï¼</span>å¾ä¹¦é¦åé¦ãééå±è§ï¼ç»åä¿ç建çæ¹é ï¼ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">é¤é¥®ï¼</span>æ¬å°èåå·æè°åºãç½çº¢é¤é¥®ï¼ä¸´ä¸è½¬æ²³æ¯è§å¸¦ï¼ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">é¶å®ï¼</span>æåå¸éã设计å¸åçéååºã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">é å¥ä¸æï¼å æ¯</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">40%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼ï¼</span>亲å娱ä¹ãå¥èº«ç©ºé´ãå ±äº«åå ¬ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">3.设计建议</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ä¿ç建çæ´»åï¼</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: circle;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">éç¨</span></font><font face="å®ä½"><span leaf="">âä¿®æ§å¦æ§âçç¥ï¼ä¿çç æ¨ç»æå±é¡¶ï¼å é¨æ¹é 为æé«å±å ååå¡ä¹¦åºã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">å¢è®¾ç»çè¿å»è¿æ¥æ°æ§å»ºçï¼å½¢æ</span></font><font face="å®ä½"><span leaf="">âæ¶ç©ºå¯¹è¯âè§è§ç¦ç¹ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æ¯è§è®¾è®¡ï¼</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: circle;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">沿ä¸è½¬æ²³æé 滨水é²å°ï¼å¼å ¥å¤é´ç¯å ç§ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">å±é¡¶è±å设置è§æ¯å¹³å°ï¼ä¿¯ç°å¿ ä¹è¡å ¨æ¯ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">4.å·®å¼åç«äºå</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¯ä¸æ§ï¼</span>æ±é´é¦ä¸ªâ带åå²å»ºçåºè®©âçåä¸é¡¹ç®ï¼éä½å¼åææ¬ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æå</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">IP</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼</span>ä¸å¿ ä¹è¡èå¨ï¼çåæ±æèãééå¸éç主é¢æ´»å¨ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;text-decoration: underline;">äºã客æ·å®ä½</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.æ ¸å¿å®¢ç¾¤</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æ¬å°å®¶åºå®¢ç¾¤ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">60%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼ï¼</span>å¨è¾¹</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å ¬éå </span></font><font face="Calibri"><span leaf="">12</span></font><font face="å®ä½"><span leaf="">ä¸å¸¸ä½äººå£ï¼æ³¨é亲åä¸æåæ¶è´¹ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">年轻潮æµç¾¤ä½ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">25%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼ï¼</span></span></font><font face="Calibri"><span leaf="">18-35</span></font><font face="å®ä½"><span leaf="">å²ï¼å好ç½çº¢æå¡ä¸å¤é´ç»æµï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ææ 游客ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">15%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼ï¼</span>ä¾æå¿ ä¹è¡å¹´å®¢æµé</span></font><font face="Calibri"><span leaf="">80</span></font><font face="å®ä½"><span leaf="">ä¸äººæ¬¡å¯¼æµã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.ç»åéæ±</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">é«ç«¯æ¶è´¹ï¼</span>åå¡å®´è¯·ãç²¾åé¶å®ï¼å®¢åä»·</span></font><font face="Calibri"><span leaf="">500</span></font><font face="å®ä½"><span leaf="">å 以ä¸ï¼ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">大ä¼æ¶è´¹ï¼</span>å¿«é¤ãæåå°ä»¶ï¼å®¢åä»·</span></font><font face="Calibri"><span leaf="">50-200</span></font><font face="å®ä½"><span leaf="">å ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;text-decoration: underline;">å ãå¼å建议</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.产å设计</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">ä¼å å¯å¨ä¿ç建çæ¹é ï¼ç¼©çå·¥æï¼æ°å»ºé¨åéç¨æ¨¡ååé¢ç»æï¼éä½æ½å·¥å¹²æ°ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.è¥éçç¥</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">é¢å®é¶æ®µï¼</span>èåæé³ãå°çº¢ä¹¦åèµ·âå¿ ä¹è¡è®°å¿âçè§é¢å¤§èµï¼å¸å¼æå</span></font><font face="Calibri"><span leaf="">KOL</span></font><font face="å®ä½"><span leaf="">æå¡ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¼ä¸æï¼</span>ä¸å¸åç©é¦åä½æ¨åºâæ²æµ¸å¼åå²å§æ¸¸âï¼åæ¥éæµ</span></font><font face="Calibri"><span leaf="">5000</span></font><font face="å®ä½"><span leaf="">人ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">3.é£é©æ示 </span></span></font></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åè§é£é©ï¼</span>ä¿ç建çéèªè¡åçæ¶é²éªæ¶ï¼å»ºè®®æåä¸ä½å»ºå±å¯¹æ¥ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æåé£é©ï¼</span>æåä¸ææåé¾åº¦è¾é«ï¼éé¢ç</span></font><font face="Calibri"><span leaf="">10%</span></font><font face="å®ä½"><span leaf="">ç§é补贴空é´ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;text-decoration: underline;">ä¸ãæååºä»·å»ºè®®</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åçæ»ä»·ï¼</span></span></font><font face="Calibri"><span leaf="">1.9-2.1</span></font><font face="å®ä½"><span leaf="">亿å ï¼æº¢ä»·ç</span></font><font face="Calibri"><span leaf="">5%-15%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼èèä¿ç建çéå ææ¬å综åææ¬å¯æ§ï¼</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ç«æåºçº¿ï¼</span>ä¸è¶ è¿</span></font><font face="Calibri"><span leaf="">2.3</span></font><font face="å®ä½"><span leaf="">亿å ï¼æº¢ä»·ç</span></font><font face="Calibri"><span leaf="">26%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼é¿å æ¤ååæè¿è¥å©æ¶¦ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;text-decoration: underline;">å «ãæ»ç»</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åºä½ï¼</span>ååæ ¸å¿å°æ®µï¼äº¤é便å©ä½é强åä¸å¿ ä¹è¡çæ¥è¡èéã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¸åºï¼</span>æååä¸ç¼ºå£æ¾èï¼æ¿çä¸èèµç¯å¢å©å¥½</span></font><font face="Calibri"><span leaf="">3]</span></font><font face="å®ä½"><span leaf="">ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">产åï¼</span>åå²å»ºç</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">æ°ä¸æç»åå½¢æå¯ä¸æ§ï¼é注éæåè´¨éã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">客æ·ï¼</span>家åºä¸æ¸¸å®¢å¹¶éï¼é设计å¤å æ¶è´¹åºæ¯ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¼åï¼</span>ä¼å æ¹é ä¿ç建çï¼è¥éèç¦æå</span></font><font face="Calibri"><span leaf="">IP</span></font><font face="å®ä½"><span leaf="">ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åºä»·ï¼</span>建议</span></font><font face="Calibri"><span leaf="">1.9-2.1</span></font><font face="å®ä½"><span leaf="">亿å ï¼æº¢ä»·çæ§å¶å¨</span></font><font face="Calibri"><span leaf="">15%</span></font><font face="å®ä½"><span leaf="">以å ã</span></font></span></p></li></ul><section><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></section><p data-pm-slice="0 0 []" style="margin-top: 16px;margin-bottom: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">ï¼æ³¨ï¼æ¬æ¥åæ°æ®åæ¥èªå ¬å¼ç»è®¡åè¡ä¸è°ç ï¼åæç»è®ºä» ä¾åèï¼</span></font></span></p><section style="margin-top: 16px;"><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><span style="font-family:å®ä½;"></span></span></section><section style="margin-top: 16px;"><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><span style="font-family:å®ä½;"></span></span></section><section style="margin-bottom: 24px;margin-top: 16px;"><span style="background-color: rgb(255, 255, 255);font-family: å®ä½;font-size: 14px;letter-spacing: 0.476px;"></span></section><section style="text-align: center;margin-top: 16px;margin-bottom: 0px;"><span 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leaf="">å å ¥æ们ä¸èµ·å¦ä¹ </span></span></p><p style="-webkit-tap-highlight-color: transparent;margin: 16px 8px 0px;outline: 0px;line-height: 1.75em;"><span style="font-size: 14px;-webkit-tap-highlight-color: transparent;outline: 0px;caret-color: red;font-family: PingFangTC-Light;color: rgb(127, 127, 127);letter-spacing: 0.544px;text-decoration: none solid rgb(127, 127, 127);"><span leaf="">Join our study group</span></span></p></section></section></section></section></section></section><section style="text-align: center;margin-bottom: 0px;margin-top: 16px;" nodeleaf=""><img class="rich_pages wxw-img js_insertlocalimg" data-imgfileid="100036047" data-ratio="0.4595300261096606" data-s="300,640" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwlXfAQF3A26suo6p9w00eMZoyV7m9VamRjB8Rn2faCKibWCNNaATXll7jepE6jOCfgicm6dsIZH13Zg/640?wx_fmt=png&from=appmsg" data-type="png" data-w="383" /></section><section style="text-align: center;margin-bottom: 0px;margin-top: 16px;"><span 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