FORTIOR (01304) plans to acquire properties in Shenzhen Nanshan District for 710 million yuan.

date
08:04 29/12/2025
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GMT Eight
FORTIOR (01304) announces that on December 25, 2025, the board of directors reviewed and approved an agreement with the seller (Shenzhen Qianhai Shekou Qitai Industrial Co., Ltd.) on roughly the same terms, under which the company agrees to purchase and the seller agrees to sell a property for the price of 710 million Chinese Yuan. The property includes the entire Building 1 of Runrong Building (Phase II) on Block T102-0482 of Ma Wan 15 Unit 02 in the Qianhai Shenzhen-Hong Kong Cooperation Zone in Nanshan District, Shenzhen, for office and commercial use. The total construction area of the property is approximately 25,204.97 square meters, including 23,669.54 square meters of office units and 1,535.43 square meters of commercial units.
FORTIOR (01304) announced that on December 25, 2025, the board of directors approved an agreement with the seller (Shenzhen Qianhai Shekou Qidi Industry Co., Ltd.) on similar terms, under which the company agreed to purchase and the seller agreed to sell a property for a total price of RMB 710 million. The property includes the entire building of Runrong Building (Phase 2) on Unit 02 Street, T102-0482, Ma Wan 15, Qianhai-Hong Kong Cooperation Zone, Nanshan District, Shenzhen, for office and commercial use. The property has a total construction area of approximately 25,204.97 square meters, including 23,669.54 square meters of office units and 1535.43 square meters of commercial units. The proposed acquisition is a prudent decision made by the company based on long-term development plans and market prospects, which align with the company's future needs. The property is intended for the group's research and development and office use. After the new property is completed and put into use, it will improve the working and R&D environment, meet the expansion needs in personnel brought by the company's further growth, retain and attract high-end talents, further enhance the company's overall competitiveness, and lay a solid foundation for the company's long-term development. This move is in line with the company's strategic development goals.