JCT(SH:603657) Zheng Quan Zhi Xing·2025-08-10 08:16Core Viewpoint - The company plans to acquire land use rights and invest in a new project to produce 8 million clean electrical appliances annually, with a total investment not exceeding RMB 1 billion [1][2][5]. Group 1: Investment Overview - The company intends to participate in a bidding process to acquire land use rights in Suzhou, specifically in the Wu Zhong District, with a land area of approximately 21,800.1 square meters [1][4]. - The total investment for the new project is estimated to be up to RMB 1 billion, with funding to be allocated in phases based on actual project progress [1][2][5]. Group 2: Project Justification - The investment aims to address the limitations of the current leased production facilities of the company's wholly-owned subsidiary, Suzhou Shangteng, and to optimize resource allocation while reducing rental costs [2][5]. - The project aligns with the company's long-term development strategy and is expected to enhance product service and supply capabilities [5]. Group 3: Approval Process - The board of directors has approved the proposal to purchase land use rights and invest in the project, which will be submitted for approval at the company's upcoming extraordinary general meeting [3][6]. - The proposal received unanimous support from the board members during the meetings held on August 8, 2025 [3]. Group 4: Land Acquisition Details - The land to be acquired is designated for industrial use with a lease term of 30 years, and the bidding deposit required is RMB 1.1 million [4]. - The land acquisition process is subject to uncertainties, including the outcome of the bidding and the negotiation of related agreements [1][5].