Lvkang Biochemical Co., Ltd. received 10 million yuan in land resumption compensation from the Pucheng County Land Reserve Center on August 14, 2026, bringing the cumulative compensation received for this land resumption to 40 million yuan. The company had previously received 16 million yuan in February 2026 and 14 million yuan in March 2026. This land resumption involves the relocation of the company's Nanpu Ecological Park and the plant of Fujian Lvan Biopesticide Co., Ltd. to the Putan Biological Industrial Park. The total resumption price is 186.82 million yuan, of which 173.92 million yuan is for Lvkang Biochemical and 12.9 million yuan is for Lvan Biopesticide. The relevant matters were reviewed and approved by the board of directors and the extraordinary shareholders' meeting in December 2025 and January 2026. The company will account for the resumption compensation in accordance with corporate accounting standards, and the specific figures are subject to the results confirmed by audit.
Lifecome Biochemistry Co LtdReceived additional land resumption compensation, improving cash flow.
Part of the land resumption compensation, though amount smaller.
