Lontium Semiconductor Corporation (688486.SH) won the bid for the land parcel JK202501 in Hefei Economic Development Zone with a price of 50.2815 million yuan.

Lontium Semiconductor Corporation (688486.SH) announced that the company had previously signed an "Investment Intention Agreement" with the Management Committee of the Hefei Economic and Technological Development Zone, intending to invest in and construct the Lontium Semiconductor Corporation Science and Technology Innovation (R&D) Base Project in the Hefei Economic and Technological Development Zone (referred to as the "Development Zone"). Recently, the company acquired the state-owned land use rights of land parcel number JK202501 in the Development Zone through auction for 50.2815 million yuan and signed the "State-owned Construction Land Use Right Transfer Contract". The land area of the parcel is 29,148.69 square meters. The acquisition of the land use rights for the above-mentioned parcel is a prerequisite for the company's investment in and construction of the Lontium Semiconductor Corporation Science and Technology Innovation (R&D) Base Project. The implementation of the project is in line with the company's strategic development plan, and it will utilize the advantageous resources of the Hefei Economic and Technological Development Zone to further optimize the company's main business structure, enhance its overall competitive advantage, and profitability.