Hongfujin (Wuhan) Disposal of Land Use Rights
Summary by AI BETAClose X
Subject: Subsidiary, HONGFUJIN PRECISION INDUSTRY (WUHAN) CO., LTD. disposal Land Use Rights Assets
Date of events:2025/11/24
Contents:
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):
(1)Plot 1: Land located west of Baoli South Road and south of the Middle Ring Road, East Lake Development Zone, Wuhan
(2)Plot 2: Land located north of the Shanghai-Chengdu Expressway and east of GuangGu No.2 Road, East lake Development Zone, Wuhan
2.Date of occurrence of the event:2025/05/16~2025/11/24
3.Date of the board of directors resolution:2025/11/24
4.Other approval date: NA
5.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:
(1) Plot 1:
Transaction quantity: 120,228.98 square meters
Unit price: RMB 175.92 per square meter
Transaction amount: RMB 21,150,099.87
(2) Plot 2:
Transaction quantity: 318,334.20 square meters
Unit price: RMB 243.52 per square meter
Transaction amount: RMB 77,521,443.09
Total transaction amount: RMB 98,671,542.96
6.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):
East Lake Development Zone Center of Wuhan Land Consolidation and Reserve Center; None
7.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: NA
8.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction: NA
9.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):
The expected disposal revenue RMB 78,973,173.26
10.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: None
11.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit:
Negotiation ; Cost Compensation Value ; Board of director
12.Name of the professional appraisal firm or company and its appraisal price:
Plot 2:Hubei JingJiang Assets Appraisal CO., Ltd；RMB77,521,443.09
13.Name of the professional appraiser:
Yi Zhang ; Junhao Yu
14.Practice certificate number of the professional appraiser:
42020004 ; 42040075
15.The appraisal report has a limited price, specific price, or special price: No
16.An appraisal report has not yet been obtained: No
17.Reason for an appraisal report not being obtained: NA
18.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA
19.Name of the CPA firm: NA
20.Name of the CPA:NA
21.Practice certificate number of the CPA:NA
22.Broker and broker's fee: None
23.Concrete purpose or use of the acquisition or disposal:
Disposal of idle assets
24.Any dissenting opinions of directors to the present transaction: None
25.Whether the counterparty of the current transaction is a related party: NO
26.Date of ratification by supervisors or approval by the audit committee: NA
27.The transaction is to acquire a real property or right-of-use asset from a related party: NO
28.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NA
29.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations: NA
30.Date on which material information regarding the same event has been previously released: NA
31.Any other matters that need to be specified: None
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