Netizens were all stirred up. Before everyone could react, Chenghuang Oasis Company issued an announcement explaining the company's plans in detail.
Good news! Our company has reached major agricultural cooperation agreements with several North African countries!
Chenghuang Oasis Company's primary business is Desert-to-Soil Conversion farmland. Over the past month, we conducted trial planting on 3,000 mu of Desert-to-Soil Conversion fields on the edge of the Sahara Desert, successfully growing various fresh vegetables. The yield per mu had already reached nearly 50% that of normal farmland.
We have full confidence in the prospects of Desert-to-Soil Conversion farmland and have signed lease contracts with several North African countries for a total of 2 million mu of desert.
The contracts mainly include:
1. Our company has obtained long-term lease rights to 2 million mu of desert land, with lease terms ranging from 60 to 99 years.
2. The lease price for each mu of land will be paid in two forms: cash and crops. Cash will be paid once every three years. For the first 20 years, the price will be 10 to 25 yuan per mu per year. Crops will be delivered according to their harvest schedules. Of each crop variety, 5% of the harvested weight will be delivered free of charge, while 15% must first be sold to the authorities at international prices.
3. In addition to the 2 million mu of desert signed under this agreement, another 18 million mu of desert will be given priority for lease to our company within five years. The increase in the lease price will not exceed 20% of the price under this agreement.
4. Our company will enjoy extraterritorial jurisdiction protections in several North African countries. This includes our employees being exempt from local judicial trials and jurisdiction, while our ships, aircraft, agricultural