Proluxe-KY Board Approves Subsidiary Zhejiang Anshun Chemical Fiber Co., Ltd. to Purchase Land Use Rights
The board of Proluxe-KY has approved its subsidiary, Zhejiang Anshun Chemical Fiber Co., Ltd., to purchase land use rights for the Xindeng plot in Fuyang City, China. The total budget for the acquisition of 33,333.33 square meters of land is RMB 17.5 million, aimed at meeting operational needs.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 14, 2026 at 08:57 (56 min after Collected)
1. Subject Matter and Nature: Xindeng plot in Fuyang City.
2. Date of Occurrence: 115/5/13~115/5/13 (May 13, 2026).
3. Date of Board Resolution: May 13, 2026.
4. Other Approval Dates: Not applicable.
5. Quantity of Transaction Units, Price per Unit, and Total Transaction Amount: Land area: 33,333.33 square meters. Total budget for land purchase is RMB 17.5 million: authorizing the chairman to handle related negotiations, contract signing, and subsequent matters within a 5% floating range above RMB 17.5 million.
6. Counterparty to the Transaction and its Relationship with the Company: Counterparty: To be announced separately after the actual signing of the contract. Relationship with the Company: None.
7. Reasons for selecting the related party as transaction counterparty, previous owner, relationship between previous owner, company and counterparty, previous transfer date and amount: Not applicable.
8. If the owner of the transaction object has been a related party of the company within the past five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction: Not applicable.
9. Estimated Disposal Profit (or Loss) (Not applicable for asset acquisition) (For deferred items, please list and explain recognition status): Not applicable.
10. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements: According to contract stipulations.
11. Method of Decision for this Transaction (e.g., tender, comparison, negotiation), Reference Basis for Price Determination, and Decision-Making Unit: (1) Decision method: Negotiation. (2) Reference basis for price determination: Local government tender announcement price. (3) Decision-making unit: Board of Directors.
12. Name of Professional Appraiser Firm or Company and Appraisal Amount: Not applicable.
13. Name of Professional Appraiser: Not applicable.
14. Professional Appraiser's License Number: Not applicable.
15. Is the appraisal report a limited price, specific price, or special price: No or not applicable.
16. Has the appraisal report not yet been obtained: Yes.
17. Reason for not yet obtaining the appraisal report: The transaction counterparty is the local government, and the tender price has not yet been publicly announced, hence the appraisal report has not been obtained.
18. If there is a significant difference in the appraisal result, the reason for the difference and auditor's opinion: Not applicable.
19. Name of Accounting Firm: Not applicable.
20. Name of Accountant: Not applicable.
21. Accountant's License Number: Not applicable.
22. Broker and Brokerage Fees: Not applicable.
23. Specific Purpose or Use of Acquisition or Disposal: Operational needs.
24. Opinions of directors who expressed dissenting opinions on this transaction: Not applicable.
25. Is this a related-party transaction: No.
26. Date of Supervisor Approval or Audit Committee Consent: May 13, 2026.
27. Is this transaction for the acquisition of real estate or right-of-use assets from a related party: No.
28. Price assessed according to Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies": Not applicable.
29. If the price assessed in the preceding item is lower than the transaction price, the price assessed according to Article 17 of the same regulations: Not applicable.
30. Date of previous significant announcement regarding the same event: Not applicable.
31. Other Explanatory Matters: None.
2. Date of Occurrence: 115/5/13~115/5/13 (May 13, 2026).
3. Date of Board Resolution: May 13, 2026.
4. Other Approval Dates: Not applicable.
5. Quantity of Transaction Units, Price per Unit, and Total Transaction Amount: Land area: 33,333.33 square meters. Total budget for land purchase is RMB 17.5 million: authorizing the chairman to handle related negotiations, contract signing, and subsequent matters within a 5% floating range above RMB 17.5 million.
6. Counterparty to the Transaction and its Relationship with the Company: Counterparty: To be announced separately after the actual signing of the contract. Relationship with the Company: None.
7. Reasons for selecting the related party as transaction counterparty, previous owner, relationship between previous owner, company and counterparty, previous transfer date and amount: Not applicable.
8. If the owner of the transaction object has been a related party of the company within the past five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction: Not applicable.
9. Estimated Disposal Profit (or Loss) (Not applicable for asset acquisition) (For deferred items, please list and explain recognition status): Not applicable.
10. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements: According to contract stipulations.
11. Method of Decision for this Transaction (e.g., tender, comparison, negotiation), Reference Basis for Price Determination, and Decision-Making Unit: (1) Decision method: Negotiation. (2) Reference basis for price determination: Local government tender announcement price. (3) Decision-making unit: Board of Directors.
12. Name of Professional Appraiser Firm or Company and Appraisal Amount: Not applicable.
13. Name of Professional Appraiser: Not applicable.
14. Professional Appraiser's License Number: Not applicable.
15. Is the appraisal report a limited price, specific price, or special price: No or not applicable.
16. Has the appraisal report not yet been obtained: Yes.
17. Reason for not yet obtaining the appraisal report: The transaction counterparty is the local government, and the tender price has not yet been publicly announced, hence the appraisal report has not been obtained.
18. If there is a significant difference in the appraisal result, the reason for the difference and auditor's opinion: Not applicable.
19. Name of Accounting Firm: Not applicable.
20. Name of Accountant: Not applicable.
21. Accountant's License Number: Not applicable.
22. Broker and Brokerage Fees: Not applicable.
23. Specific Purpose or Use of Acquisition or Disposal: Operational needs.
24. Opinions of directors who expressed dissenting opinions on this transaction: Not applicable.
25. Is this a related-party transaction: No.
26. Date of Supervisor Approval or Audit Committee Consent: May 13, 2026.
27. Is this transaction for the acquisition of real estate or right-of-use assets from a related party: No.
28. Price assessed according to Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies": Not applicable.
29. If the price assessed in the preceding item is lower than the transaction price, the price assessed according to Article 17 of the same regulations: Not applicable.
30. Date of previous significant announcement regarding the same event: Not applicable.
31. Other Explanatory Matters: None.