CFMOTO(SH:603129) Shang Hai Zheng Quan Bao·2025-07-29 17:44Group 1: Investment Overview - Zhejiang Chunfeng Power Co., Ltd. has approved an external investment plan during its board meeting and annual shareholders' meeting held on April 15 and May 7, 2025, respectively [2] - The company’s wholly-owned subsidiary, Zhejiang Jihuo Intelligent Equipment Co., Ltd., has successfully acquired the state-owned land use rights for three plots in Tongxiang City, with the total acquisition costs amounting to RMB 49 million, 119 million, and 117 million [3][4] Group 2: Land Auction Details - The land acquired is located in Chongfu Town, Tongxiang City, with a total area of 1,797.72 square meters, 4,375.82 square meters, and 4,299.95 square meters for the respective plots [4] - The land is designated for industrial use with a lease term of 50 years [4] Group 3: Strategic Impact - The acquisition of land is aimed at expanding production capacity for motorcycles and electric vehicles, aligning with national industrial policies and market trends [5] - This strategic move is expected to enhance production capacity, optimize product structure, and improve market competitiveness and profitability, while diversifying the company's industrial layout to mitigate operational risks [5] Group 4: Employee Stock Ownership Plan - The first meeting of the 2025 Employee Stock Ownership Plan was held on July 29, 2025, with full attendance from the plan's holders, representing 18 million shares, which is 100% of the total plan [7][8] - The meeting approved the establishment of a management committee for the employee stock ownership plan to oversee daily management and protect the rights of the holders [9] - The committee was authorized to handle various matters related to the employee stock ownership plan, including convening meetings, managing daily operations, and representing holders in shareholder rights [10][11]