On June 27th, Gelunhui reported that the wholly-owned subsidiary of Soho Holly Corporation (600128.SH), Nantong Holly Import and Export Co., Ltd. (referred to as 'Nantong Holly'), plans to sign a relocation compensation agreement and supplemental agreement with Yongxing Street for no less than 50 million yuan. The target asset is a building and supporting facilities located at No. 298 Zhonghuan Road (formerly No. 30 Zhonghuan Road) in Chongchuan District, Nantong, including a land area of ​​10,886 square meters and a building area of ​​10,347 square meters. There are also self-built unlicensed houses of 1,415.57 square meters and sheds of 909.27 square meters.

According to the retrospective asset evaluation report of the market value of the real estate and other assets involved in the acquisition compensation of Nantong Holly Import and Export Co., Ltd. at No. 30 Zhonghuan Road, Nantong, issued by Shanghai Lixin (Letter Capital Evaluation Report No. [2024] No. B20036), the market value of the acquired target assets (including state-owned land use rights, buildings, seedlings and equipment) of Nantong Holly is CNY 36.6144 million. The above evaluation results do not include relocation incentives and subsidies given by the acquisition department. Based on relevant laws and regulations and after negotiation between both parties, Nantong Holly plans to sign a relocation compensation agreement and supplemental agreement with Yongxing Street for no less than CNY 50 million (including compensation and incentives) for the acquisition and relocation.