[Temporary Announcement] Weimen Pharmaceutical: Announcement on the progress of land acquisition and storage matters
Announcement number: 2026-022
Securities code: 430369 Securities abbreviation: Weimen Pharmaceuticals Sponsoring broker: Shengang Securities
Guizhou Weimen Pharmaceutical Co., Ltd.
Announcement on the progress of land acquisition and storage matters
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint legal liability for the authenticity, accuracy and completeness of the contents.
1. Basic situation
(1) About land acquisition and storage
Guizhou Weimen Pharmaceutical Co., Ltd. (hereinafter referred to as the "Company") held the 20th meeting of the eighth board of directors on January 7, 2025, and reviewed and approved the "Proposal on the Company's Land Acquisition and Storage Compensation Plan". On January 21, 2025, the company signed "G(17)085" with the Natural Resources Bureau of Wudang District, Guiyang City (hereinafter referred to as the "Natural Resources Bureau") The purchase and storage compensation agreement for the state-owned construction land use rights of Lot No. 2 (Weimen Pharmaceutical) is "Uzhuizi (Shou) Zi (2025) No. 01" (hereinafter referred to as the "Purchase and Storage Agreement"). The agreement stipulates that the Natural Resources Bureau will pay a transfer price of 2,533 for the company to obtain the land. 30,000 yuan for purchase and storage, and the company will pay the land purchase and storage compensation fee within one month after the land parcel is successfully transferred; if the land parcel fails to be successfully transferred before June 30, 2025, the land purchase and storage compensation fee will be paid to the company before June 30, 2025. On January 22, 2025, the company disclosed the "Indicative Announcement on Land Acquisition and Storage" (Announcement Number: 2025-002).
In accordance with the "Purchase and Storage Agreement", the company has completed the cancellation of the land use rights of the real estate certificate "Guizhou (2018) Wudang District Real Estate No. 0005235" on January 23, 2025.
On October 28, 2025, the company held the 23rd meeting of the eighth board of directors, and reviewed and approved the "Proposal on Signing the Supplementary Agreement for Land Purchase and Storage". Since the Natural Resources Bureau cannot pay the land compensation fee on time, it plans to sign a supplementary agreement to the "Purchase and Storage Compensation Agreement" with the company to extend the payment of compensation fees to June 30, 2025, and the payment will be completed before December 31, 2026. On November 12, 2025, the company signed a supplementary agreement to the "Purchasing and Storage Compensation Agreement" with the Natural Resources Bureau. November 13, 2025, 2025
Announcement number: 2026-022
On December 30, February 26, 2026, April 14, 2026, and May 15, 2026, the company disclosed the "Announcement on the Progress of Land Acquisition and Storage Matters" (announcement numbers: 2025-074, 2025-085, 2026-001, 2026-002, 2026-016).
As of the disclosure date of this announcement, the company has received the fifth installment of land acquisition and storage compensation of 3 million yuan from the Natural Resources Bureau, and has received a total of 6.8 million yuan in land acquisition and storage compensation, and the remaining unpaid amount is 29.774181 yuan.
Due to the work arrangement of the relevant meeting minutes of the district government, it is planned to sign the "Supplementary Agreement on the Payment of Compensation Funds for Collection and Storage and Compensation Fees for Supporting Engineering Services for Lot G (17) 085 in Wudang District" with the company, and agree to pay the company's remaining balance before July 31, 2026. On July 3, 2026, the company held the fourth meeting of the ninth board of directors and reviewed and approved the "Proposal on the Signing of the Supplementary Agreement on the Payment of Compensation Funds for Collection and Storage and Compensation Fees for Supporting Engineering Services for Lot G (17) 085 in Wudang District"
2. Main contents of the agreement
(1) Subject of the agreement
Party A: Guizhou Wudang Economic Development and Construction Investment Development Co., Ltd.
Party B: Guizhou Weimen Pharmaceutical Co., Ltd.
(2) Payment method and time
Party A and Party A’s entrusted payer shall pay Party B’s land acquisition and storage compensation of 29,774,181.00 yuan (two thousand nine hundred and seventy seven thousand four thousand one hundred and eighty one yuan) before July 31, 2026.
All payments are made by bank transfer.
3. Impact on the company
The relevant matters do not affect the company's ability to continue operating and will not have a significant adverse impact on the company's production and operations.
4. Documents for reference
(1) "The Fourth Meeting of the Ninth Board of Directors of Guizhou Weimen Pharmaceutical Co., Ltd."
(2) "About the payment of compensation funds and supporting engineering services for plot No. G (17) 085 in Wudang District
Supplementary Agreement on Compensation Fees"
Announcement number: 2026-022
Board of Directors of Guizhou Weimen Pharmaceutical Co., Ltd.
July 6, 2026