Western Venture: The company currently has no plans to dispose of this asset.

NightAirdropper · 2026-03-09T18:55:38+00:00

Western Venture responded on the investor interaction platform regarding questions about the 2025 Q3 report concerning productive biological assets, confirming that they are mainly related to grapevine assets, and stated that there are no plans to dispose of the Bronze Gorge and Yinchuan Botanical Garden.

NightAirdropper

2026-03-09 18:55:38

Abstract generation in progress

Securities Star News, Western Development (000557) responded to investor questions on the investor relations platform on March 9.

Investor: Hello, Secretary of the Board, I would like to ask about the 15.89 million yuan of productive biological assets in your company’s Q3 2025 report. Are these assets only related to grapevines? Does your company still hold two vineyards—about 8,891 acres in Qingshui Xia Ganchengzi and about 6,212 acres in Yinchuan Botanical Garden? Recently, Treasury Wine Estates acquired vineyards in the same region at a high price. Does your company have plans to dispose of this non-core asset in 2026?

Western Development Secretary of the Board: Dear investor, hello! The company currently has no plans to dispose of this asset. For specific information, please refer to the disclosures in the resolutions of the 8th Board of Directors’ 4th meeting on April 8, 2017; the announcement on leasing grape planting bases and signing cooperation framework and lease contracts (Announcement No.: 2017-020); the shareholder meeting resolution announcement for 2016 (Announcement No.: 2017-041); and the Q3 2025 report (Announcement No.: 2025-36). Thank you for your attention and support!

The above content is compiled from public information by Securities Star and generated by AI algorithm (Network Credit Calculation Backup No. 310104345710301240019). It does not constitute investment advice.

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