Wansheng Co., Ltd. announced that due to macroeconomics, the industry environment and the current state of the company's business, its wholly-owned subsidiary Zhejiang Shensheng plans to apply for the return of the land use rights on the Taizhou Bay Economic Development Zone plot. The plot was acquired in June 2023, and construction has not started due to the company's replanning of production capacity layout. The matter has been approved by the board of directors and does not require consideration by the shareholders' meeting. It is estimated that the company's net profit in 2025 will be reduced by about 20.62 million yuan, accounting for about 19.93% of the net profit returned to mother in the previous year. The company will recover part of the land concession of 75.2 million yuan and the slag disposal fee of 9.257.25 million yuan within 180 natural days of the entry into force of the agreement.

Wansheng Co., Ltd. announced that due to macroeconomics, the industry environment and the current state of the company's business, its wholly-owned subsidiary Zhejiang Shensheng plans to apply for the return of the land use rights on the Taizhou Bay Economic Development Zone plot. The plot was acquired in June 2023, and construction has not started due to the company's replanning of production capacity layout. The matter has been approved by the board of directors and does not require consideration by the shareholders' meeting. It is estimated that the company's net profit in 2025 will be reduced by about 20.62 million yuan, accounting for about 19.93% of the net profit returned to mother in the previous year. The company will recover part of the land concession of 75.2 million yuan and the slag disposal fee of 9.257.25 million yuan within 180 natural days of the entry into force of the agreement.