Yilida (002686.SZ) subsidiary signs agreement on compensation for state-owned land acquisition, total compensation amounting to 355 million yuan.

Zhijun Finance and Economics APP News, Elida (002686.SZ) announced that its wholly-owned subsidiary Zhejiang Sanjin Technology Co., Ltd. (referred to as "Sanjin Technology") completed the signing of the "Intention Agreement for the Expropriation of Houses on State-owned Land in Qiaoyang Old Industrial Area of Fengjiang Street, Luqiao District" (referred to as "Intention Agreement" or "Agreement") with the Luqiao Economic Development Zone Management Committee of Zhejiang Road and Bridge (referred to as "Luqiao Economic Development Zone") and the Fengjiang Street Office of the People's Government of Luqiao District, Taizhou (referred to as "Fengjiang Street Office") on January 9, 2025. Recently, Sanjin Technology, Luqiao Economic Development Zone, and Fengjiang Street Office reached a consensus and signed the "Expropriation and Compensation Agreement for Houses on State-owned Land", with a total compensation amount of 355 million yuan for this acquisition.