Gelonghui, April 17, 丨 21st Century Education (01598.HK) announced that on April 17, 2024, Shijiazhuang Zerui successfully competed for land use rights for land located in Gaoyi County, Shijiazhuang City, Hebei Province, China. The cost was RMB 17.4 million, and signed a transaction confirmation with the Gaoyi County Public Resources Exchange Center as a result of successfully winning the bid. According to this, Shijiazhuang Zerui expects to sign a state-owned construction land use rights concession contract with the Gaoyi County Bureau of Natural Resources and Planning within 30 days after signing the transaction confirmation.
The land is located in the southern part of Wancheng Village, Wancheng Town, Gaoyi County, Shijiazhuang City, Hebei Province, China. The total land area is 21,324.05 square meters. The land is used for educational purposes, and the right to use the land is 50 years. The land will be used to build sports facilities at the new campus of Shijiazhuang Polytechnic Vocational College.
The Group will build sports facilities at the new campus of Shijiazhuang Polytechnic Vocational College on land, in line with the Group's development strategy and further expand the scale of the Group's vocational education operations. In the future, the new campus will develop into a new type of vocational technical college with landmark attributes and the characteristics of integrating industry and education. In September 2023, the first and second school buildings, dormitories, and canteens of the new campus of Shijiazhuang Polytechnic Vocational College were put into use; the first batch of more than 8,200 students were admitted to the new campus. The acquisition of land use rights will have a positive impact on the Group's future continuous development and conform to the overall interests of the Group and shareholders.