YZYBIO-B (02496) Plans to Transfer Land Use Rights and Buildings in Wuhan East Lake High-Tech Zone for RMB 36.88 Million

Stock News
01/23

YZYBIO-B (02496) announced that on January 23, 2026, Wuhan Yiruid entered into a transfer agreement with the company, pursuant to which the company agreed to transfer its land use rights and buildings to Wuhan Yiruid for a consideration of approximately RMB 36.88 million. The land and buildings are located north of Gaoxin 3rd Road and south of Shendun 3rd Road in the East Lake High-tech Development Zone, Wuhan City, Hubei Province, China. As of the date of the transfer agreement, the land has a site area of approximately 25,533.4 square meters, while the buildings have a total gross floor area of approximately 11,333.22 square meters, designated for industrial use. The land use right has a term of 50 years, which will expire on May 24, 2062. The announcement stated that the Group continuously evaluates its asset portfolio to optimize efficiency and operational focus. In line with its strategic transformation, the Group intends to sell the unused land use rights and buildings, thereby optimizing resource allocation, reducing management costs, and avoiding potential policy risks and asset depreciation risks associated with long-term idle assets. The transfer allows the Group to unlock the value of its non-core assets, providing financial flexibility and liquidity to support its evolving strategic and operational needs.

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