JCT(SH:603657) Shang Hai Zheng Quan Bao·2025-08-29 22:40Core Viewpoint - Company has successfully acquired land use rights for industrial purposes through its wholly-owned subsidiary, which aligns with its strategic development plans [2][4]. Group 1: Overview of Land Acquisition - The company, through its subsidiary Suzhou Shangteng Technology Co., Ltd., won the bidding for land use rights in Suzhou, with a bid amount of 5.493625 million yuan [2][4]. - The land area is approximately 21,800.1 square meters, designated for industrial use, with a usage period of 30 years [6][7]. Group 2: Impact on the Company - Acquiring the land use rights will alleviate the constraints on the subsidiary's production operations, potentially reducing rental costs and allowing for an expansion of production capacity [8]. - The investment in the project will increase future capital expenditures and cash outflows, but the company plans to manage funds effectively and implement the project in phases [8]. Group 3: Legal and Regulatory Considerations - The acquisition requires the signing of a land use rights transfer contract and an investment development supervision agreement with local authorities, which introduces some uncertainty regarding finalization [3][4]. - The land acquisition does not constitute a related party transaction or a significant asset restructuring as per regulatory definitions [5].