Core Viewpoint - Zhejiang China Light Textile City Group Co., Ltd. has announced the progress of the expropriation of its subsidiary, Huaneng Mall, which is expected to impact the company's performance positively due to the compensation received from the expropriation [1][3]. Group 1: Expropriation Details - The board of directors approved the expropriation of Huaneng Mall on December 25, 2025, in accordance with relevant expropriation policies [1]. - A compensation agreement was signed with the Shaoxing City Keqiao District Housing and Urban-Rural Development Bureau, detailing the compensation for the expropriated property [1]. - The total compensation for Huaneng Mall, which has a building area of 23,934.90 square meters, amounts to 491,796,562 yuan, including various compensations and rewards [1]. Group 2: Payment and Impact - Compensation payments will be made according to the progress of vacating the property [2]. - The company has completed the signing of the expropriation agreement and has begun the process of vacating the property, having already received 100 million yuan in compensation [3]. - The expropriation compensation is expected to have a certain impact on the company's performance, with specific amounts to be confirmed through auditing [3].
浙江中国轻纺城集团股份有限公司 关于公司下属华能商城被征收的 进展公告