Shenzhen New Land Tool Planning & Architectural Design Construction Development (00456): Guangzhou Changliu must pay compensation of 180 million yuan to Guangdong Changna and its partners.

date
18:15 15/02/2026
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GMT Eight
Announcement by Xincheng City Construction Development (00456): On February 13, 2026, the board of directors was informed that the investment property of Guangdong Changliu Investment Co., Ltd. (Guangzhou Changliu), a subsidiary of the Group, located at 20-22 Chigang West Road, Haizhu District, Guangzhou City, Guangdong Province, China, commonly known as Changliu Industrial Park, was included in the unified public welfare land acquisition scope by the government at the beginning of 2025. This resulted in the termination of the lease agreement between Guangzhou Changliu and Guangdong Changa Investment Development Co., Ltd. (Guangdong Changa) on the Group's investment property. Guangdong Changa has proposed that it be a cooperative participant in the lease agreement.
Shenzhen New Land Tool Planning & Architectural Design Development (00456) announced on February 13, 2026, the board of directors was informed that the investment property of Guangdong Changliu Investment Co., Ltd. (Guangzhou Changliu), a subsidiary of the group located at 20-22 Chigang West Road, Haizhu District, Guangzhou, Guangdong Province, China, commonly known as Changliu Industrial Park, was included in the unified public welfare land acquisition scope by the government at the beginning of 2025, leading to the termination of the lease agreement signed by Guangzhou Changliu and Guangdong Changna Investment Development Co., Ltd. (Guangdong Changna) regarding the group's investment property. Guangdong Changna stated that they were joint stakeholders in the lease agreement. Therefore, Guangdong Changna expressed that as the main tenant of the investment property, they have cooperative partners who are stakeholders in the agreement, and they will jointly participate in the follow-up work related to this issue with Guangzhou Changliu. As the enterprises required by the government to be included in the public welfare land acquisition scope not only need to cooperate with the government to complete demolition and other work as soon as possible, but also need to maintain social stability. Therefore, Guangdong Changna and its cooperative partners reached a settlement agreement with Guangzhou Changliu: Guangzhou Changliu, a subsidiary of the group, must pay compensation of RMB 180 million to Guangdong Changna and its cooperative partners. Regarding this compensation, the group is assessing its impact on the group and negotiating payment methods and arrangements with Guangdong Changna and its cooperative partners. In order to protect the interests of Guangzhou Changliu under the group, while waiting for the final land acquisition and compensation terms from the relevant government departments to resolve the settlement agreement, the board of directors of the group decided to issue RMB bills to Guangdong Changliu and its cooperative partners or designated individuals, with a one-year term and an annual interest rate of 4%. At the same time, the board of directors of the group instructed that the issuance of bills be arranged in compliance with relevant laws and regulations in Hong Kong and mainland China, reaching a consensus to help Guangzhou Changliu under the group to continue to strive for an early resolution with the government and complete the land compensation arrangements.