GCL Energy Technology (002015): The Subsidiary Company Signed The Housing Expropriation Compensation And Resettlement Agreement, With A Compensation Amount Of 349.9 Million Yuan

GCL energy technology (002015) announced that in order to adapt to the urban development planning of Dongtai City, meet the heat supply energy demand of industrial enterprises in Dongtai Economic Development Zone, and ensure the economic stability, health and sustainable development of Dongtai City, the Management Committee of Jiangsu Dongtai economic development zone plans to adjust the existing units of Dongtai Suzhong environmental protection Thermal Power Co., Ltd. (Dongtai thermal power), a subsidiary of the company The company's holding subsidiary, GCL Smart Energy Co., Ltd., invested in the new coal-fired back pressure cogeneration project. After consultation with the Management Committee of Jiangsu Dongtai Economic Development Zone, the two sides recently signed the agreement on compensation and resettlement of houses on state owned land in Dongtai City for the expropriation and resettlement of existing units of Dongtai thermal power plant. The amount of compensation for this expropriation is RMB 349.9 million.

The state-owned land-use right is located in group 8, Hongguang Village, high-tech zone, Dongtai City. The legal land-use area is 100666.7 m2. The type of state-owned land-use right is transfer and the purpose is industry.

Buildings, immovable equipment, structures, accessories, etc. The demolished assets, such as equipment, buildings, structures and accessories, are located in group 8, Hongguang Village, high tech Zone, Dongtai City, with a legal building area of 25239.39 m2.