Shenzhen Agricultural Power Group Co., Ltd. (000061.SZ) announced that its wholly-owned subsidiary, Shenzhen Fruits & Vegetables Trading Co., Ltd. (hereinafter referred to as "Fruits & Vegetables Company"), has received relocated property as part of an urban renewal project. The original property, located at the intersection of Meihua Road South and Meizhong Road West in Futian District, Shenzhen, covered a land area of 3,000.97 square meters with a floor area of 3,486.53 square meters and was designated for industrial use.

In April 2019, Fruits & Vegetables Company signed a "Relocation Compensation and Resettlement Agreement" and supplementary agreements (collectively referred to as the "Relocation Agreement") with Shenhengli Technology & Innovation Industrial Co., Ltd. (hereinafter referred to as "Hengli Company"), the implementing entity of the urban renewal project. The agreement stipulated that Fruits & Vegetables Company would receive replacement property through a property rights exchange.

The urban renewal project has now been completed, and Fruits & Vegetables Company has taken possession of the relocated property, which includes Units 1002, 1201, 1202, 1301, and 1801 in Huali Plaza (along with the use rights to 16 parking spaces, hereinafter referred to as the "Relocated Property"). The total floor area amounts to 3,840.23 square meters (including shared areas, based on property survey measurements, subject to final confirmation on the property ownership certificate).

Shenzhen Lixin Asset Appraisal and Real Estate Valuation Co., Ltd. was commissioned to assess the value of the Relocated Property. On November 11, 2025, the firm issued the "Real Estate Valuation Report for Shenzhen Fruits & Vegetables Trading Co., Ltd." (Shen Lixin Report No. [2025]027), valuing the Relocated Property (3,840.23 square meters) at RMB 132.872 million in total.

In accordance with the "Accounting Standards for Business Enterprises" and other relevant regulations, Fruits & Vegetables Company will account for the Relocated Property based on the appraisal results. This transaction is expected to increase the company's total pre-tax profit for 2025 by approximately RMB 130.4 million.