光明房地产集团股份有限公司关于全资子公司土地被收储的公告

Core Viewpoint - The announcement details the acquisition of land by Shanghai Shenhong Cold Storage and Transportation Co., a wholly-owned subsidiary of Guangming Real Estate Group, from the Baoshan District Land Reserve Center and other entities, with a total compensation amount of approximately RMB 230 million for 34,681 square meters of land and buildings [2][19]. Group 1: Transaction Overview - The transaction involves the acquisition of state-owned land and buildings located at 301 Hegang Road and 101 Anda Road, with a total area of 34,681 square meters, including 31,165 square meters of certified building area and 1,203.55 square meters of unverified building area [2][10]. - The total compensation for the land acquisition is RMB 230 million, which includes various costs such as land use rights, buildings, decoration, machinery, relocation fees, and business interruption losses [2][19]. - The transaction has been approved by the company's board of directors and does not require shareholder approval as it does not constitute a related party transaction or a major asset restructuring [3][8]. Group 2: Transaction Details - The land acquisition is part of a strategy to optimize asset utilization and respond to the development strategy of the Baoshan District, aiming to enhance the efficiency of land resources and promote industrial upgrades [5][6]. - The transaction is expected to increase the company's pre-tax profit by approximately RMB 200 million for the fiscal year 2025, although this figure is subject to final audit confirmation [22]. - The payment for the land acquisition will be made in three installments, with the first payment of 50% due within one month of signing the agreement [20]. Group 3: Asset Evaluation and Pricing - The valuation of the land and buildings was conducted using methods such as the benchmark land price coefficient adjustment method and the income capitalization method, resulting in a total assessed value of RMB 230 million [15][17]. - The land's unit price is assessed at RMB 2,100 per square meter, with the building area valued at RMB 2,736 per square meter for certified buildings [15][19]. - The transaction's pricing is deemed fair and does not harm the interests of the company or its shareholders [17]. Group 4: Legal and Compliance Aspects - The transaction does not face significant legal obstacles and has been approved by the relevant board meetings [4][5]. - The involved parties, including the Baoshan Land Reserve Center and other entities, have no existing relationships with the company that could affect the transaction [9]. - The company will comply with all legal and regulatory disclosure obligations related to the transaction [5].