Spring Breeze Power: Wholly-owned subsidiary wins bid for 9.56 million yuan land use rights.

date
24/12/2025
Spring Wind Power Announcement: The company's wholly-owned subsidiary Jike Smart Equipment recently successfully bid for two pieces of state-owned land use rights in Chongfu Town, Tongxiang City, for a total of RMB 7.86 million and 1.7 million respectively, with the numbers 2025-75 and 2025-59. The intended use for these two pieces of land is for industrial purposes for a period of 50 years. The purchase of this land is aimed at expanding the production capacity for fuel-powered and electric two-wheeled vehicles, which aligns with the company's strategic goals and will help increase production capacity, optimize product structure, enhance market competitiveness and profitability, and effectively diversify operational risks, laying a foundation for the company's long-term stable development. The company will fulfill its disclosure obligations in accordance with legal requirements promptly.