Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-28 00:40Core Viewpoint - Guangzhou Baiyunshan Pharmaceutical Group Co., Ltd. announced the inclusion of its subsidiary Guangzhou Baiyunshan Guanghua Pharmaceutical Co., Ltd.'s land and fixed assets into the land reserve plan, with a total compensation amount of approximately 375.24 million yuan and an additional land transfer reward of about 73.32 million yuan, totaling approximately 448.57 million yuan [1][2]. Group 1 - The land and fixed assets of Guanghua Pharmaceutical located at No. 355, Shatai North Road, Baiyun District, Guangzhou, have been included in the land reserve plan [1][2]. - The compensation agreement was signed on November 27, 2025, with the Baiyun District People's Government, and the total compensation amount is 375,244,134 yuan [1][2]. - The compensation includes approximately 366,618,840 yuan for land included in the "Three Olds" renovation program and 8,625,294 yuan for land not included in this program [2]. Group 2 - The total compensation and land transfer reward amount to approximately 448,567,902 yuan, contingent upon meeting the "net land" standards [1][2]. - The transaction does not constitute a related party transaction or a major asset restructuring as defined by relevant regulations [1][3]. - The transaction was approved by the company's Strategic Development and Investment Committee, and does not require further approval from the board or shareholders [3]. Group 3 - The land area involved in the transaction is 29,429.56 square meters, with a total building area of 10,530.35 square meters, including offices, workshops, and warehouses [6]. - The land has a clear ownership status, with no existing mortgages or legal restrictions [7]. - The land was acquired in 2002 with a usage period of 50 years, and has been depreciated for 23 years [8]. Group 4 - The compensation pricing is based on evaluations from two real estate appraisal firms, with the average land price used to determine the compensation amount [9][10]. - The compensation for the "Three Olds" portion is calculated at 50% of the market assessed land price, resulting in approximately 366,618,840 yuan [9]. - The non-"Three Olds" portion is evaluated at approximately 8,625,294 yuan based on different appraisal methods [10]. Group 5 - The agreement stipulates that the first compensation payment of 80 million yuan will be made after the land ownership is deregistered, with subsequent payments contingent on land transfer completion [13]. - The company plans to manage logistics through warehouse leasing during the transition period, ensuring no personnel displacement [15]. - The land reserve will not lead to related party transactions or competition within the industry [15].