Underlying Land definition

Underlying Land means the underlying land that a grower can use in relation to a Scheme.

Underlying Land the land in relation to which the Land Use Right is granted, situated at Zouping Economic Development Zone, Zouping City, Shandong Province, the PRC “VAT” value added tax of the PRC “Weiqiao Lightweight” 山東魏橋輕量化材料有限公司 (Shandong Weiqiao Lightweight Materials Co., Ltd.), a limited liability company established in the PRC on 5 August 2019 and an indirect non- wholly owned subsidiary of China Hongqiao “Weiqiao Production Base” the production area of the Group located in Weiqiao Town, Zouping City, Shandong Province, the PRC “%” per cent For ease of reference, the names of the PRC-incorporated companies and entities have been included in this announcement in both the Chinese and English languages. In the event of any inconsistency, the Chinese name prevails. By order of the Board Weiqiao Textile Company Limited* Xxxxx Xxxxxxx Executive Director and Company Secretary Shandong, the PRC 28 December 2022

Examples of Underlying Land in a sentence

• The Land Use Right which was granted to the Company in relation to the Underlying Land, which is located at Zouping Economic Development Zone, Zouping City, Shandong Province, the PRC, with a site area of approximately 53,267.5 sq.m. The Land Use Right is for industrial use.

• On the completion date, the Company shall assist Weiqiao Lightweight to complete the handover of the Underlying Land, provide all information related to the Land Use Right, and cooperate with Weiqiao Lightweight to attend to the alteration registration procedures regarding the Land Use Right after the completion.

• There is currently no construction plan over the Underlying Land and, as a result of which the transfer is expected not to have any material adverse effect on the production and operations of the Group.