The resolution of the Board of Directors (BOD) regarding the transfer of land use rights and ownership of houses has been approved. The main content of this resolution includes identifying the conditions and procedures for transferring land use rights as well as house ownership. The Board of Directors requires relevant departments to fully implement all necessary legal procedures to ensure compliance with legal regulations and protect the interests of the organization. At the same time, the resolution also outlines the criteria for assessing the value of real estate before completing transactions. Members of the Board of Directors discussed the feasibility of the transfer thoroughly to make prudent decisions, contributing to the company’s development and enhancing asset utilization effectiveness. The outcomes of the discussions will be recorded and implemented in the near future.
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