According to the Zhitong Finance App, Xinxiang Chemical Fiber (000949.SZ) announced that the company is located at the northwest corner of Muye Avenue and Genghuang Avenue, with an area of about 98.85 acres, to be recovered by the People's Government of Fengquan District of Xinxiang City for a fee. This time, the company plans to sign the “Xinxiang Chemical Fiber Co., Ltd. 98.85 Acre State-owned Construction Land Use Rights Recovery Compensation Agreement” with the People's Government of Fengquan District of Xinxiang City as the first compensation agreement. The total compensation amount for the first phase of land and ground attachments is 51.334 million yuan. In the future, a separate relevant agreement will be signed according to the progress of the demolition, disposal and inspection of assets, etc. The scope, amount and payment arrangements involved in the subsequent agreement are subject to the agreement signed at that time.

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