[ET Net News Agency, 23 July 2021] Yihai International Holding Ltd. (01579) said its
subsidiary Yihai Shanghai has entered into the investment and cooperation agreement with
the Chengdu Eastern New Area Management Committee, pursuant to which Yihai Shanghai shall
acquire the land use right of the target land in accordance with laws and regulations,
construct and develop the target land as the Yihai Headquarters Complex.
The construction of the project is expected to complete in five years. The total
investment amount of the project shall not be less than RMB600 million. The land is in
Baijinshan Reservoir Area, Gaoming Town, Chengdu Eastern New Area, the PRC. (RC)