Wanyuan Corporation: Wholly-owned subsidiary plans to purchase land use rights for an approximate total price of 8.75 million yuan.
Notice from Wanyuantong: The wholly-owned subsidiary, Jiangsu Guangqian Electronics Co., Ltd., plans to use its own funds or self-raised funds to purchase the right to use state-owned construction land in Dongtai City, Jiangsu Province. The construction land area is approximately 50 mu, with a total estimated amount of 8.75 million yuan. This transaction does not constitute a major asset restructuring or related-party transaction, has been approved by the board of directors, and does not require approval from the shareholders' meeting. The land use rights are intended for investment in the construction of the "high-density interconnect printed circuit board project" to promote the company's high-end production capacity layout and achieve product upgrade and transformation.
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