Core Viewpoint - The company has entered into a sublease agreement for land in Ho Chi Minh City, Vietnam, aiming to enhance its market penetration and capitalize on local demand [1] Group 1: Sublease Agreement Details - The sublease agreement is between Thanh Binh Phu My Joint Stock Company and the company's indirect wholly-owned subsidiary in Vietnam, effective from December 25, 2025, to December 21, 2077 [1] - The total area of the land is approximately 285,000 square meters, including two connected plots and about 21,635 square meters of adjacent water area [1] - The base facility fee for the land is approximately 15,395.03 billion Vietnamese Dong, equivalent to about 455.7 million Hong Kong Dollars [1] Group 2: Strategic Intentions - The company aims to deepen its penetration and layout in the Vietnamese market to capture potential customer demand and attractive sales prices in the vicinity of the land [1] - Anticipating continued growth in demand within the Vietnamese market, the company expects an increase in local production capacity needs [1] - To support its expansion and operational requirements, the company plans to construct new self-operated production facilities on the land, with most products expected to be sold within Vietnam to align production with end-market demand [1]
理文化工附属拟租用越南土地