Changhong High-tech: Subsidiary wins industrial land plot with a bid of 19.67 million yuan, advancing the construction of a high-end fiber elastomer project.

Changhong High-Tech announced that its wholly-owned subsidiary, Changhong Bio, obtained the "Confirmation of Successful Online Transaction for State-owned Land Use Rights" on August 12, 2026, successfully bidding 19.67 million yuan for an industrial land parcel in Shenzhou City, Shanhu Street, with a land area of 33,000 square meters and a tenure of 50 years. This land will be used for the construction of a 50,000 tons/year high-end fiber elastomer new material and a supporting 100,000 tons/year PBAT black masterbatch production facility project. The total planned investment for the project is approximately 630 million yuan, with fixed asset investment of about 507 million yuan, and a construction period of 18 months.