SMTC(SH:600822) Zheng Quan Ri Bao Zhi Sheng·2025-09-29 11:10Core Points - Shanghai Wumao announced the approval of a compensation agreement related to land acquisition for its subsidiary, Shanghai Bailian Automotive Service Trade Co., Ltd. [1] - The compensation amount agreed upon is 32.9057 million yuan, which will cover operational losses and additional costs due to land acquisition for the year 2025 [1] - The transaction is classified as a related party transaction, involving Shanghai Bailian Group [1] Summary by Sections - Compensation Agreement: The company and its subsidiaries will sign a supplementary agreement regarding the compensation for the land acquisition at the site located at 3550 Gonghe New Road, which is part of the land in Pengpu Town [1] - Financial Details: The total compensation amount is set at 32.9057 million yuan, subject to final adjustments based on audited data for the year 2025 [1] - Related Party Transactions: The announcement also includes details of a previous equity transaction involving the company's wholly-owned subsidiary and a subsidiary of Bailian Group, with a transaction price of 3.2473 million yuan for a 28% stake in a hazardous chemicals trading management company [1]