Dynasty Winery, a wholly-owned subsidiary of Dynasty Fine Wines Group Limited, has entered into a Compensation Agreement with Tianjin Yiyang. Under the agreement, Dynasty Winery will surrender its equipment installed on a site owned by a connected party in exchange for compensation amounting to RMB52,748,559 (approximately HK$57,149,035). This transaction follows negotiations regarding the assets installed at the wine chateau site, which features a wine museum and related facilities. Dynasty Winery is primarily engaged in the manufacturing and sale of wine products in the PRC.
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