SHSTC(SH:600620) Xin Lang Cai Jing·2025-09-26 10:54Core Viewpoint - Tianchen Co., Ltd. plans to sign land compensation agreements with Shanghai Airport Group and Shanghai Pudong Land Acquisition Service Co., Ltd. for the land requisition due to the expansion of Shanghai Pudong International Airport [1][2] Group 1: Land Compensation Agreements - The total area of land to be requisitioned is 110,530.70 square meters, with a compensation price of 473 RMB per square meter, totaling approximately 52.28 million RMB [1][2] - The land compensation includes two phases: Phase II involves 35,942.80 square meters with compensation of approximately 17 million RMB, while Phase III involves 74,587.90 square meters with compensation of approximately 35.28 million RMB [1][2] Group 2: Transaction Details - Both Shanghai Airport Group and Shanghai Pudong Land Acquisition Service Co., Ltd. are state-owned enterprises with no affiliation to Tianchen Co., Ltd., meaning this transaction does not constitute a related party transaction or a major asset restructuring [2] - The transaction has been approved by the company's board and will be submitted for approval at the upcoming shareholder meeting [2] Group 3: Financial Impact - The company expects to generate a pre-tax profit of approximately 44.85 million RMB from the land compensation, although the exact impact on current profits remains uncertain due to pending legal disputes regarding land acquisition [2]