GuangDong GuangHong (SZ:000529) Xin Lang Cai Jing·2025-12-01 09:46Core Viewpoint - Guangdong Guanghong Holdings Co., Ltd. has signed a framework agreement with the People's Government of Tanzhou Town, Zhongshan City, to revitalize its existing land in Tanzhou and develop a strategic emerging industry park in the Greater Bay Area [1][2]. Agreement Overview - The agreement is a framework and intention-based arrangement between Guanghong Food and the local government, with no specific investment amount disclosed at this stage. The actual investment scale will be determined by future formal agreements [2][5]. - The signing does not require approval from the company's board or shareholders and does not constitute a related party transaction or a major asset restructuring as per regulations [2][6]. Project Planning - The project, named "Guanghong Food Revitalization Project in Tanzhou," will focus on new materials and digital creativity, aiming to create a comprehensive service system that includes industrial production, technology research and development, and incubation [3][4]. - The goal is to establish a competitive high-level strategic emerging industry park within the Greater Bay Area [3]. Responsibilities of Both Parties - The local government will assist Guanghong Food with project approvals and infrastructure development, including roads, power, water, and drainage systems [4]. - Guanghong Food commits to advancing the project in compliance with regulations and will pay taxes and report statistics post-production [4]. Market Impact - The agreement is expected to enhance the efficiency of land use and accelerate the revitalization of the company's land resources, although it is still in the preparatory stage and will not significantly impact the company's performance in 2025 [5]. - The specifics of implementation, progress, and outcomes remain uncertain and will depend on future formal agreements [5].