Overview - The company is involved in the relocation and reconstruction of its subsidiary's explosive materials storage warehouse due to a government project in Guizhou [2][8] Compensation Agreement - The total compensation amount for the relocation is RMB 36.76 million, which includes construction costs, land fees, and employee transition subsidies [6][7] - The new warehouse will have a storage capacity of 120 tons for explosives and 400,000 detonators [5] Breakdown of Compensation Costs - New warehouse construction costs are estimated at RMB 19.94 million after a 15% reduction from the initial estimate [6] - Land costs for the new warehouse, covering approximately 42 acres, total RMB 9.66 million [7] - Employee transition subsidies for 65 employees will total RMB 7.16 million over a 12-month period, with a fixed monthly payment [7] Impact on Company - The relocation and reconstruction are expected to have a certain impact on the company's current financial performance, with accounting treatment to be confirmed by the annual audit [8]

Overview - The company, Poly United Chemical Holdings Group Co., Ltd., has signed a monetary compensation agreement for the relocation of its subsidiary's warehouse due to a government project [1][2]. Group 1: Agreement Details - The agreement was made with the local government for the relocation of the explosive materials storage warehouse of its subsidiary, Guizhou United Explosive Materials Co., Ltd. [1] - The total compensation amount received by the subsidiary is RMB 36.76 million [1][2]. - The compensation includes costs for new warehouse construction, land fees, and employee transition subsidies [2]. Group 2: Compensation Breakdown - The compensation is structured as a one-time lump sum, with the new warehouse construction costs estimated at RMB 19.94 million after a 15% reduction [2]. - Land fees are calculated at RMB 966,000 based on a rate of RMB 6,000 per mu [2]. - Employee transition subsidies total RMB 7.16 million, paid monthly at RMB 597,147.9 for a 12-month period [2]. Group 3: Impact on the Company - The relocation and reconstruction of the warehouse are expected to have a certain impact on the company's current financial performance [2]. - The company will adhere to relevant accounting standards for the treatment of the compensation received [2].