According to the Zhitong Finance App, Guangzhou Port (601228.SH) announced that the company plans to sign the “State-owned Land Use Rights Collection and Storage Framework Agreement” with the Guangzhou Land Development Center and the Guangzhou Development Zone Land Development Reserve Trading Center to carry out phased recovery work on 5 parcels of land in the company's Huangpu Old Port Wharf, Second Compound, Maintenance Station, Rear Depot and Commercial Building, with a total area of 521,248.31 square meters (the final reclaimed land area is subject to the take-back compensation agreement formally signed by the two parties). The company plans to sign a “State-owned Land Use Rights Recovery Compensation Agreement” with the Guangzhou Development Zone Land Development Reserve Trading Center for the first phase of land in the Huangpu Old Port Wharf. The land covered by the “Compensation Agreement” is the land covered by the aforementioned “Framework Agreement”, with an area of about 149,273.82 square meters (the final area is based on the actual measurement results of professional institutions).
The current “Compensation Agreement” stipulates that in principle, compensation will be determined according to the method of sharing the proceeds of future public land concessions. At this stage, the total transaction price has not yet been formed. The terminal business involved in this land takeover will be handled by the company's other terminal companies. The company will coordinate related business transfers and customer resource connections, give full play to the synergetic advantages of internal terminal resources, and ensure the smooth transition of business and continuity of customer service. This land reclamation will not have a significant adverse impact on the company's normal production, operation and continuous operation capacity.