Core Viewpoint - Zhengye International (03363) has agreed to sell a property for RMB 16.8889 million, which is part of a strategic move to enhance asset utilization and fund project development [1] Group 1: Transaction Details - The seller, Zhongshan Yongfa Intelligent Manufacturing, is a wholly-owned subsidiary of the company [1] - The buyer, Zhongshan Wanshunda Electric Appliance, has entered into a purchase agreement for the property located in Zhongshan, Guangdong [1] - The property has a land use area of 36,413 square meters and a building area of 3,964.65 square meters [1] Group 2: Project Background - The land is currently used for paper raw material storage, and the company has applied for redevelopment in response to the local government's "Three Olds" renovation initiative [1] - The redevelopment project was approved in November 2022, with the first phase commencing in October 2023, which includes the construction of six industrial buildings totaling approximately 26,693.03 square meters [1] - The property being sold is one of the completed buildings from the first phase of the project [1] Group 3: Financial Implications - The board believes that the sale represents a good opportunity to realize the property's value at a reasonable price [1] - Proceeds from the sale will be used for project development or to supplement the company's working capital [1]

Core Viewpoint - Zhengye International (03363) has announced the sale of a property for RMB 16.8889 million, indicating a strategic move to monetize asset value and fund project development [1] Group 1: Transaction Details - The seller, Zhongshan Yongfa Intelligent Manufacturing, is a wholly-owned subsidiary of the company [1] - The buyer, Zhongshan Wanshunda Electric Appliance, has agreed to purchase the property located in Zhongshan, Guangdong [1] - The property has a land use area of 36,413 square meters and a building area of 3,964.65 square meters [1] Group 2: Project Background - The land was previously used for paper raw material storage and is being redeveloped in response to the Zhongshan government's "Three Olds" renovation initiative [1] - The redevelopment project was approved in November 2022, with the first phase commencing in October 2023, which includes the construction of six industrial buildings totaling approximately 26,693.03 square meters [1] - The property being sold is one of the completed buildings from the first phase of the project [1] Group 3: Financial Implications - The board believes that the sale represents a good opportunity to realize the property's value at a reasonable price [1] - Proceeds from the sale will be used for project development or to supplement the company's working capital [1]