Group 1 - The company New Focus (00360) announced that its non-wholly owned subsidiary, New Focus Technology (Shanghai), won the land use rights for a plot in Qingpu District, Shanghai, through a public tender for RMB 46.34 million on December 30, 2025 [1] - The land plot, identified as QPC1-0011 unit H-27-13, covers an area of approximately 38,600 square meters and is located in the Xianghuajiao Street area of Qingpu District, Shanghai [1] Group 2 - The group received a notice of expropriation from the Qingpu Industrial Park Expropriation Compensation Office in May 2024, and on November 22, 2024, entered into a compensation agreement with the Qingpu Industrial Park Group for the expropriation of its core operational and production site [2] - The expropriation will impact the continuity and stability of New Focus Optoelectronics (Shanghai)'s production operations, necessitating the acquisition of new land to deploy relevant production and operational facilities [2] - The acquisition of the new land will also help fulfill the requirements outlined in the supplemental agreement of the capital increase agreement disclosed on December 30, 2025, which stipulates that New Focus Optoelectronics (Shanghai) must maintain its production base in Shanghai, China [2]
新焦点附属以4634万元收购位于上海市青浦区的土地使用权