Guizhou Chanhen subsidiaries secure land use rights for development

Guizhou Chanhen Chemical Corporation announced that its controlling subsidiary, Guizhou Hengchang New Energy Materials Co., Ltd. (Hengchang New Energy), and its related party, Wengan County Tianyi Mining Co., Ltd. (Tianyi Mining), have successfully secured the right to use state-owned construction land. This transaction was approved by the company's Fourth Board of Directors at its eleventh meeting.

Hengchang New Energy and Tianyi Mining have completed the land acquisition, signing the "Confirmation of Transaction Document for the Public Listing and Transfer of State-Owned Construction Land Use Rights" with the Wengan County Natural Resources Bureau. The acquired land parcel measures 55,587.00 m², with a total transaction price of 19,177,515.00 yuan.

The two entities will proceed to sign the relevant contracts and settle payments with the Wengan County Natural Resources Bureau to finalize the necessary procedures. This acquisition is poised to support their ongoing and future operational and development initiatives.