China Ludao (02023) successfully acquired the land use rights of Binhai Science and Technology City in Sanmen County.

CHINA LUDAO (02023) announces that, following the completion of the statutory tendering process by the People's Government of Sanmen County, the indirect subsidiary company Zhejiang Guiren Technology Co., Ltd. of the buyer company entered into a land use rights transfer contract with the seller Sanmen County Natural Resources and Planning Bureau on March 25, 2024 to purchase the land use rights of the land in Sanmen County Coastal Science and Technology City, with a total price of 34.23 million RMB. The land use rights of the land in Sanmen County Coastal Science and Technology City, estimated to have a total area of 127,000 square meters, with a plot number XE-01-02-03.