Soho Holly Corporation (600128.SH) announced that its wholly-owned subsidiary, Nantong Holly Import and Export Co., Ltd. (referred to as "Nantong Holly"), received a notice of requisition and relocation on February 7, 2023 from the Yongxing Street Office in Chongchuan District, Nantong City, where it is located. According to the Chongchuan District's action plan for the "Urban Renewal and Improvement Year" and the "Chongchuan District 2023 Urban Construction Plan," the buildings and supporting facilities located at No. 298 Zhonghuan Road (formerly No. 30 Zhonghuan Road) are within the district's housing requisition plan. The relocation work will be led by the Yongxing Street Office. The 10th Board of Directors of the company approved Nantong Holly to sign a relocation compensation agreement and supplementary agreement with Yongxing Street in accordance with relevant laws and regulations, with the target assets priced at no less than 50 million yuan.
Zhongtong Holly (600128.SH) issued an announcement that its wholly-owned subsidiary, Nantong Holly Import and Export Co., Ltd. (referred to as "Nantong Holly"), received a notice of expropriation and relocation on February 7th, 2023 from the Yongxing Street Office of Chongchuan District, where it is situated. According to the Action Plan for the "Urban Renewal Promotion Year" of Chongchuan District and "Chongchuan District 2023 Urban Construction Plan", the property and supporting facilities located at No. 298 Zhonghuan Road (formerly No. 30 Zhonghuan Road) were included in the district's house expropriation plan. The relocation and expropriation work is now being led by the Yongxing Street Office. The 10th Board of Directors of the company has approved Nantong Holly to sign the relocation and compensation agreement and supplementary agreement with the Yongxing Street, based on relevant laws and regulations and with the target assets priced at no less than 50 million yuan.