000787SZSE

Special Explanation by Guangdong Xinda Law Firm on the Impact of New Primary Land Consolidation Policy on Chengdu Guodi Real Estate Co., Ltd.

*ST Chuangzhi Co., Ltd.··4 pages

✨ AI Summary

This announcement outlines the legal assessment by Guangdong Xinda Law Firm regarding the compliance of Chengdu Guodi Real Estate's agreements with new land consolidation policies. The firm confirms that the agreements are valid and comply with existing laws. It also highlights potential risks of modification due to new regulations but asserts that the agreements remain effective as of the date of the announcement.

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AI Translation· azure_openai

Special Explanation by Guangdong Xinda Law Firm on the Impact of New Primary Land Consolidation Policy on Chengdu Guodi Real Estate Co., Ltd.

Guangdong Xinda Law Firm (hereinafter referred to as "Xinda") responds as follows based on relevant laws, regulations, and normative documents, while fully considering the approvals and confirmations provided by the government:

  1. Whether the "Supplementary Agreement to the Land Consolidation Project Contract of Longquanyi District, Chengdu" signed between Chengdu Guodi Real Estate Co., Ltd. and the People's Government of Longquanyi District, Chengdu on July 28, 2011 (hereinafter referred to as "Supplementary Agreement") complies with the normative requirements of the Chengdu Municipal Government's Notice on Further Regulating the Introduction of Social Capital for Primary Land Consolidation (Chengfu Fa [2011] No. 26) (hereinafter referred to as "Notice on Land Consolidation Opinions") and provides legal written proof.

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