Core Viewpoint - Zhengye International (03363.HK) has announced the sale of a property for approximately RMB 8.807 million, which is part of a larger project aimed at enhancing land utilization in Zhongshan City [1] Group 1: Transaction Details - The seller, Zhongshan United Hongxing Intelligent Manufacturing Co., Ltd., has entered into a sales agreement with Zhongshan Brothers Supply Chain Co., Ltd. for the property located at No. 138, Xin Hao South Road, Shaxi Town, Zhongshan City [1] - The property being sold consists of the 7th and 8th floors of Building 1 in the Songwan Zhigu Intelligent Manufacturing Project, which has a total construction area of approximately 39,913.89 square meters [1] Group 2: Project Background - The land was originally designated for the construction of a paper mill wastewater treatment facility and auxiliary material warehouse [1] - In response to the Zhongshan government's "Three Olds" renovation initiative, the company applied for redevelopment of the land, which was approved in July 2022 [1] - The first phase of the project commenced in December 2023, involving the construction of three high-standard industrial buildings [1] Group 3: Strategic Rationale - The board believes that the sale represents a good opportunity to realize the value of the property at a reasonable price [1] - Proceeds from the sale will be used for project development or to supplement the company's operating funds [1]