Huagong Tech (000988.SZ) subsidiary, Huagong Zhengyuan, plans to participate in the auction of Wuhan city's relevant land use rights, with a maximum investment of 110 million yuan.

Huagong Tech (000988.SZ) announced that its wholly-owned subsidiary, Wuhan Huagong Zhengyuan Photonic Technology Co., Ltd. (referred to as "Huagong Zhengyuan"), plans to use its own funds of up to 110 million yuan (including land transaction taxes and fees, with the specific amount subject to the actual contract signed) to participate in the auction of the state-owned construction land use right by Wuhan Natural Resources and Planning Bureau Donghu New Technology Development Zone Branch through listing (Plot No.: gong DK(2023-04)06, with a land area of 73,430.35 square meters).