In August 2021, the Beijing Urban Renewal Action Plan was officially issued. Lutong Group seizes strategic opportunities and relies on its main business capabilities in infrastructure investment, construction, and operation to participate in regional urban renewal such as China Data Street, Beijing South Railway Station, Beijing Xidan, and Yunnan Wuhua. In November 2022, Beijing took the lead in introducing the "Beijing Digital Economy Promotion Regulations" and "Beijing Urban Renewal Regulations" in the country, fully explaining a series of issues such as what updates are, how updates are made, by whom updates are made, and how updates are made, ensuring the high-quality development of the city.
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