Beijing Balance Medical Technology Co., Ltd. (688198.SH) plans to spend up to 60 million yuan to purchase land use rights and invest in the construction of an industrial base project.

Beijing Balance Medical Technology Co., Ltd. (688198.SH) announced that, based on its development strategic plan, intends to participate in the bidding to obtain the state-owned land use rights of the Changping New City East Area (Nanshao Group) 1201 block CP00-1201-0036 through listing, and invest in the construction of the "Beijing Balance Medical Technology Co., Ltd. - Aibairui Industrial Base Project" (tentative name, subject to the final record name from relevant departments) after obtaining the above-mentioned state-owned land use rights. The land is designated for M1 industrial use, with an area of approximately 19,286.592 square meters. The company plans to purchase the land use rights for no more than RMB 60 million (specific location, area, and transaction amount subject to the actual transfer documents). It is reported that the "Beijing Balance Medical Technology Co., Ltd. - Aibairui Industrial Base Project" will be developed in stages, with this investment being the first phase, with an investment amount of no more than RMB 250 million (including land transfer fees). The second phase will be decided separately based on the progress of the first phase construction, the company's business development, and other external factors, and will be disclosed as per regulations. The final investment amount will be based on the actual project construction input.