BBMG Corporation (601992.SH) subsidiary's land to be acquired and reserved; total acquisition and reservation price of 1.948 billion yuan.

Zhitong Finance APP News, BBMG Corporation (601992.SH) announced that its wholly-owned subsidiary Chongqing BBMG Dacheng Xinduhui Co., Ltd. (referred to as "Chongqing Xinduhui Company") and the Chongqing Nan'an District Land Reserve and Land Requisition Affairs Center will sign the "BBMG Xinduhui Plots No. 3, 4, and 9 State-owned Land Use Right Recovery Agreement". Chongqing Xinduhui Company's plots located in Zone A of the Chayuan-Lujiao Group in Nan'an District, Chongqing, specifically A22-1/08 (No. 3), A20-1/07 (No. 4), and A11-1/05 (No. 9) (referred to as "Plots No. 3, 4, and 9") will be subject to land reserve, with a total land area of 139,187 square meters and a proposed reserve price of 1.948 billion yuan.