Huaying Technology announced that the company's right to use 147.19 acres of state-owned construction land in Mawei District is to be taken back by the Mawei District Natural Resources and Planning Bureau, and the Mawei District Land Development Center will pay 348 million yuan in compensation. The details are subject to the final contract. The land and ancillary buildings are under mortgage, and the company needs to release the collateral. The transaction does not involve related transactions or major asset restructuring. It has been reviewed by the board of directors and still requires approval by the shareholders' meeting. The compensation will be paid in three installments. Land delivery must meet a number of conditions. If the contract is in default, a penalty must be paid. This transaction will not affect the normal operation of the company, and accounting processing is subject to contract performance.

Huaying Technology announced that the company's right to use 147.19 acres of state-owned construction land in Mawei District is to be taken back by the Mawei District Natural Resources and Planning Bureau, and the Mawei District Land Development Center will pay 348 million yuan in compensation. The details are subject to the final contract. The land and ancillary buildings are under mortgage, and the company needs to release the collateral. The transaction does not involve related transactions or major asset restructuring. It has been reviewed by the board of directors and still requires approval by the shareholders' meeting. The compensation will be paid in three installments. Land delivery must meet a number of conditions. If the contract is in default, a penalty must be paid. This transaction will not affect the normal operation of the company, and accounting processing is subject to contract performance.