WAZAM(SH:603186) Shang Hai Zheng Quan Bao·2025-12-30 22:41Core Viewpoint - The company, Zhejiang Huazheng New Materials Co., Ltd., is set to sign a monetary compensation agreement for the relocation of its employee dormitory due to a local urban renewal project, with a total compensation amount of approximately RMB 34.62 million [2][4]. Group 1: Transaction Overview - The relocation is necessitated by the construction of the organic renewal project in the Jin Xing Industrial Park, with a total land area of 2,762.60 square meters and a building area of 7,261.48 square meters [2][4]. - The total compensation amount for the relocation is RMB 34.624313 million, which includes compensation for industrial real estate and equipment [2][11]. - The transaction does not constitute a related party transaction or a major asset restructuring and does not require shareholder approval [3][6][15]. Group 2: Financial Impact - The relocation is expected to positively impact the company's future operations and financial status, with an anticipated increase in pre-tax net profit of approximately RMB 21 million, subject to audit confirmation [14]. - The company will handle accounting treatment in accordance with accounting standards, ensuring that the financial implications are accurately reflected [14]. Group 3: Agreement Details - The agreement will be signed after the board's approval, and the payment will be structured in three installments: 50% within 15 days of signing, 25% after the property is vacated, and the final 25% after property rights cancellation [12][15]. - The transaction involves a government entity as the counterparty, which is deemed capable of fulfilling the payment obligations as per the agreement [13].