Hsino Tower (SH:601096) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-06 07:53Core Viewpoint - The company, Hongsheng Huayuan Tower Group Co., Ltd., has successfully acquired land use rights for the construction of an intelligent green factory for transmission towers, aligning with its long-term development strategy [2][4]. Group 1: Investment Overview - The company held a shareholder meeting on October 28, 2024, approving the relocation and construction project for its subsidiary, Zhejiang Shengda Tower Co., Ltd. [2] - Zhejiang Shengda completed the first phase of land bidding on December 26, 2024, at a price of 98 million yuan for an area of 196 acres [2]. - The company signed a land use rights transfer contract on January 6, 2025, after the bidding process [2]. Group 2: Recent Developments - Zhejiang Shengda participated in a public auction for state-owned land use rights and successfully acquired the land for 49.5465 million yuan [4]. - The land area acquired is 66,062 square meters (approximately 99 acres), designated for industrial use with a 30-year lease [4]. - The company received environmental impact report approval on February 12, 2025, and obtained a construction permit on September 12, 2025, marking significant progress in the project [3]. Group 3: Impact and Future Actions - The acquisition of land use rights is expected to support the construction of the intelligent green factory, which is in line with the company's long-term development goals [5]. - The company anticipates that this investment will not significantly impact its financial status or operational performance [5]. - The project may face uncertainties related to regulatory approvals, policy changes, funding, or unforeseen circumstances, and the company will disclose updates as necessary [5].