Galaxy Microelectronics: won the bid for the right to use state-owned construction land.

Galaxy Microelectronics announcement, recently, the company signed the "State-owned Construction Land Use Right Transfer Contract" with Changzhou Natural Resources and Planning Bureau. The company acquired the state-owned construction land use right through the public bidding and auction process for a plot of land located in Xuejia Town, east of Chunjiang Road, north of Yunhe Road, and west of Huqiu Road, with an area of approximately 126,300 square meters for industrial use. The company successfully bid for the land use right with a bid of 75.8 million yuan, which will be used for the construction of the first phase of the factory building project of the company's high-end integrated circuit discrete device industrialization base.