Light And Textile City (600790): Signing The Compensation Agreement For Requisition And Relocation With The Central City Construction Company

The light and Textile City (600790. SH) announced that due to the widening and reconstruction of the bridge pavement in the light and textile city bridge, it is necessary to remove one shop along the north market of jinkeqiao Avenue, as well as the north market, Dongsheng Road market, electric power lines along the East market, market water and drainage pipelines, fire-fighting facilities, weak current pipelines, parking lot toll booths, membrane structure shed, etc. The company has signed the compensation agreement for land requisition and relocation with Shaoxing Keqiao District Central City Construction Investment Development Co., Ltd., which constitutes a related party transaction.

The compensation mainly involves shop compensation and relocation project compensation. Among them: 1. One shop in the North Market: compensation will be made in accordance with relevant policies and the value determined in the appraisal report "shaohongtai pingbao Zi [2020] No. 262" issued by Shaoxing Hongtai Assets Appraisal Co., Ltd., and the compensation cost is 5.5 million yuan. 2. Relocation of other facilities and equipment: the relocation cost of other facilities and equipment shall be compensated by the central city construction company to the light and Textile City Co., Ltd. according to the actual amount.