Tianmu Lake announced that the company plans to sign the “Tianmu Lake Qingye Cultural and Commercial Tourism Complex Project Investment Cooperation Agreement” with the Tianmuhu Town People's Government in Liyang City to promote the construction of cultural, commercial and tourism projects. The first phase of the project revitalized about 38.5 acres of existing construction land, with a total investment of not less than 200 million yuan. The construction period is 24 months. Construction is expected to begin on January 31, 2027. The investment was reviewed and approved at the first meeting of the 7th board of directors of the company, and there is no need to submit it to the shareholders' meeting for review Land for the project must be obtained through public bidding, and there is uncertainty about whether land use rights can be contested.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.