Core Viewpoint - Yibin Paper Industry announced that its subsidiary, Sichuan Jinzhu New Materials Co., Ltd., plans to purchase industrial land and buildings from the related party Yibin Push Lian Dong Technology Co., Ltd. for 125 million yuan (excluding tax), which constitutes a related party transaction [1] Group 1: Transaction Details - The transaction has been approved by the company's board of directors and is pending approval from the shareholders' meeting [1] - The book value of the target assets is 35.7584 million yuan, while the assessed value is 125 million yuan, resulting in an appreciation rate of 249.54% [1] - The transaction price will be based on the assessed value filed with the competent authority [1] Group 2: Financial Context - The company's total audited assets for 2024 are projected to be 3.369 billion yuan, indicating that this transaction does not constitute a major asset restructuring [1]

Core Points - The "Yihua No. 1" auction recently attracted significant attention, having gone through 180 rounds of bidding, indicating high interest in the asset [1] - Another auction related to Yihua has quietly been listed, involving six industrial land parcels and associated buildings located in the Chenghai District of Shantou City [1][2] Summary by Sections Auction Details - The auction includes six parcels of industrial land with a total area of 246,273 square meters, all designated for industrial use [3] - The land use rights are held by Guangdong Yihua Wood Industry Co., Ltd., now renamed Yihua Life Technology Co., Ltd. [2] Land Information - The six parcels are as follows: - Parcel 1: 43,204 m², lease until November 2047 - Parcel 2: 41,120 m², lease until November 2047 - Parcel 3: 40,825 m², lease until November 2047 - Parcel 4: 41,824 m², lease until November 2047 - Parcel 5: 41,638 m², lease until November 2047 - Parcel 6: 37,662 m², lease until November 2047 [3] Market Implications - The potential for another competitive bidding scenario is anticipated, similar to the previous auction, suggesting ongoing interest in Yihua's assets [7]