YILIDA's subsidiary signs a compensation agreement for the requisition of state-owned land, with a total compensation amount of 355 million yuan
YILIDA's wholly-owned subsidiary, Zhejiang Sanjin Technology Co., Ltd., signed the "Agreement on the Expropriation and Compensation of Houses on State-owned Land" with the Management Committee of Zhejiang Luqiao Economic Development Zone and the Fengjiang Street Office of Taizhou Luqiao District People's Government, with a total compensation amount of 355 million yuan. This transaction is expected to have a positive impact on the company's financial indicators
According to the Zhitong Finance APP, YILIDA (002686.SZ) announced that its wholly-owned subsidiary Zhejiang Sanjin Technology Co., Ltd. (referred to as "Sanjin Technology") completed the signing of the "Intent Agreement for the Expropriation of State-owned Land Housing in the Old Industrial Block of Qiaoyang, Fengjiang Street, Luqiao District" (hereinafter referred to as the "State-owned Land Expropriation Intent Agreement" or "Intent Agreement") with the Luqiao Economic Development Zone Management Committee (referred to as "Luqiao Economic Development Zone") and the Fengjiang Street Office of the People's Government of Taizhou City, Luqiao District on January 9, 2025. Recently, Sanjin Technology reached a consensus with the Luqiao Economic Development Zone and the Fengjiang Street Office to sign the "Expropriation and Compensation Agreement for Housing on State-owned Land," with a total compensation amount of 355 million yuan for this expropriation.
This transaction will have a positive impact on the company's financial indicators, and the company will conduct accounting treatment in accordance with the relevant provisions of the "Enterprise Accounting Standards" based on the progress of this transaction
