On January 10th, Gelonghui reported that Zhejiang Yilida Ventilator (002686.SZ) announced that its wholly-owned subsidiary, Zhejiang Sanjin Technology Co., Ltd. (referred to as "Sanjin Technology") actively responded to the government's arrangement for the relocation work of the old industrial block in Qiaoyang, Pingjiang Street, Luqiao District, and completed the signing of the "Intention Agreement for the Expropriation of State-Owned Land Housing in the Old Industrial Block in Qiaoyang, Pingjiang Street, Luqiao District" (hereinafter referred to as the "State-Owned Land Expropriation Intention Agreement" or "Intention Agreement") with the Management Committee of the Zhejiang Luqiao Economic Development Zone (referred to as "Luqiao Economic Development Zone") and the Office of Pingjiang Street, Taizhou City, Luqiao District People's Government on January 9, 2025.
The "Decision of the Taizhou City Luqiao District People's Government on the Expropriation of Housing in the Old Industrial Block in Qiaoyang, Pingjiang Street" (Luzhengfa [2024] No. 11) stipulates that if the number of signed households does not reach 90% of the required number, the effectiveness of the housing expropriation decision will be terminated. Therefore, if the final number of households to be signed does not reach 90%, this relocation carries the risk of termination.
