JU TENG INTL: Da Chang (Suzhou) signed a new return agreement for Da Chang II with the local government
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JU TENG INTL announced the signing of a new return agreement for the Da Chang II project with the local government, terminating the original agreement. The new agreement will take effect on May 12, 2025, and the local government will reclaim the Da Chang II land and property for approximately RMB 356.3 million. Due to changes in local government policies, the land will be used for environmental and ecological facility projects, which need to be undertaken by government agencies. Therefore, it is necessary to terminate the original agreement and sign a new one
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