Hunan Haili Chemical Industry (600731.SH): The government acquired a controlling stake in a subsidiary's partial land use rights and related assets, with compensation of 52 million yuan.

Hunan Haili Chemical Industry (600731.SH) has announced that its holding subsidiary Haili Guixi New Materials Technology Co., Ltd. (referred to as "Haili Guixi Company") has signed a "Agreement on Acquisition of State-owned Assets Use Right" with the construction command office of Bairi New Area in Guixi City (authorized by the Guixi City Government). The Guixi City Government will acquire the state-owned land use rights and related assets, including the above-ground attachments, of two industrial land plots of the original old factory area of Haili Guixi Company, with a compensation of 52 million RMB for this acquisition. The state-owned land use rights being sold by Haili Guixi Company in this transaction are part of the original factory area. Haili Guixi Company has already obtained land in the Guixi Sulfur Phosphate Chemical Industry Base to build a new production base and has started production, which means that this transaction will not have any adverse effect on the production and operation of Haili Guixi Company. It will benefit the company by generating cash inflow, optimizing the company's asset structure, and improving asset utilization efficiency.