Eastroc Beverage(09980): Chengdu base signed the "State-owned construction land use right transfer contract" with the Planning and Natural Resources Bureau of Wenjiang District, Chengdu City.
Dongpeng Beverage (09980) announced that the company has signed an "Investment Agreement" with the Management Committee of Chengdu Wenjiang High-tech Industrial Park and established a wholly-owned subsidiary Chengdu Dongpeng Vitamin Beverage Co., Ltd. (hereinafter referred to as "Chengdu Base") to be responsible for the construction and operation of the "Dongpeng Beverage Chengdu Production Base Project".
Eastroc Beverage (09980) announced that the company has signed an "Investment Agreement" with the Management Committee of Chengdu Wenjiang High-tech Industrial Park, and has established a wholly-owned subsidiary, Chengdu Dongpeng Vitamin Beverage Co., Ltd. (hereinafter referred to as "Chengdu Base"), responsible for the construction and operation of the "Eastroc Beverage Chengdu Production Base Project".
Recently, Chengdu Base signed a "State-owned Construction Land Use Right Transfer Contract" with the Planning and Natural Resources Bureau of Wenjiang District, Chengdu (hereinafter referred to as the "Transfer Contract").
The land is located in Groups 1, 3, and 4 of Guangming Community and Group 9 of Kangquan Community in Jinma Street, and Yongquan Street, Wenjiang District, Chengdu.
The acquisition of the above-mentioned land use rights will facilitate the smooth implementation of the "Eastroc Beverage Group Chengdu Production Base Project", leverage the location advantages and policy support of the project site, enhance the company's core competitiveness and industry influence, and align with the company's development strategy.
Upon completion, the project will help the company further enhance market coverage and supply response capabilities in the Southwest and Northwest regions, effectively reduce logistics radius, lower transportation costs, and strengthen supply chain coordination efficiency and regional service support levels. It is expected that the completion and operation of this base will have a positive impact on the overall operational efficiency and market competitiveness of the company.
The funds for the land use rights of the company's wholly-owned subsidiary are from the company's own funds and will not affect the normal operation of the company's existing businesses. It will not have a significant impact on the company's financial and operational status, and does not pose a risk to the interests of the company and all shareholders.
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