Zhuangyuan Pasture subsidiary receives 16.1m yuan relocation compensation

Lanzhou Zhuangyuan Pasture Co., Ltd. (SZSE:002910) announced today that its wholly-owned subsidiary, Ningxia Zhuangyuan Pasture Co., Ltd., has received a compensation decision from the Wuzhong City Litong District People's Government. The decision awards Ningxia Zhuangyuan Pasture a total of 16,119,600 yuan for relocation losses and expenses.

This compensation covers various assets, including buildings, non-relocatable equipment, relocatable equipment, and forestry assets. The decision follows a lengthy process initiated in 2018 when Ningxia Zhuangyuan Pasture was notified of its inclusion in a livestock and poultry farming restricted zone due to environmental protection policies.

The company will now process this compensation according to relevant accounting standards, with the final financial impact subject to auditor confirmation. Lanzhou Zhuangyuan Pasture Co., Ltd. remains committed to fulfilling its disclosure obligations regarding significant developments related to its subsidiary's policy-driven relocation.