According to the report from Wisdom Financial APP, Dongpeng Beverage (605499.SH) announced that the third board of directors meeting held on April 22, 2024 reviewed and approved the proposal to sign the Investment Agreement and establish a wholly-owned subsidiary, agreeing for the company to sign the "Zhongshan Cuiheng New Area Project Investment Agreement" with Zhongshan South Modern Traditional Chinese Medicine City Development Co., Ltd., and to establish a project company in Cuiheng New Area of Zhongshan City for investment and construction of the "Dongpeng Beverage Group Zhongshan Cuiheng New Area Project". Recently, Zhongshan Dongpeng signed the "State-owned Construction Land Use Right Transfer Contract" with Zhongshan Natural Resources Bureau. The transfer price is RMB 0.152 billion yuan. The land is located in Lanbian Village, Nanlang Street, Zhongshan City.