Core Viewpoint - The company has successfully completed the land transfer process and received compensation payments, which will positively impact its financial performance [1][2]. Summary by Sections Overview of Land Transfer - The company has agreed to transfer the Guangsheng (Luochongwei Power Plant) land as part of the urban renewal project in Baiyun District, Guangzhou, following the approval of the board [1][2]. - The company signed the compensation agreement with the Baiyun District People's Government, which outlines the terms for land transfer and compensation [1]. Progress of Land Transfer - As of the end of June 2025, all nine conditions for land transfer stipulated in the agreement have been met, and the site has been successfully handed over [2]. - The company has received a total of 1.37 billion yuan in compensation, with an outstanding amount of 457 million yuan to be paid upon the completion of land transfer procedures [2]. Impact on the Company - The land transfer aligns with government initiatives for urban development and resource optimization, and it is not expected to adversely affect the company's operations or shareholder interests [2]. - The transaction is anticipated to have a positive effect on the company's financial performance, with specific accounting treatment to be determined by an auditing firm [2].
广州发展: 广州发展集团股份有限公司关于公司土地交储的进展公告