Hengbo Shares' Wholly-Owned Subsidiary Acquires Industrial Land in Jiangmen for 35.77 Million Yuan

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Hengbo Shares announced that its wholly-owned subsidiary Guangdong Hengbo acquired a land parcel in Pengjiang District, Jiangmen City, for 35.77 million yuan and signed a state-owned construction land use right transfer contract. The parcel covers an area of approximately 59,900 square meters, designated as Class II industrial land with a term of 50 years, and will be used to build the Jiangmen Air Intake System and New Energy Vehicle Parts Intelligent Factory Project.

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Subsidiary acquires industrial land for 35.77 million yuan to build a factory project, a capital investment for expansion.

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