Jerash Holdings to Acquire New Manufacturing Facility and Associated Land; Expected to Significantly Increase Company's Production Capacity

Core Viewpoint - Jerash Holdings has received approval to acquire a manufacturing building and land in Amman, Jordan for approximately $3.4 million, which will enhance its production capacity and operational efficiency [1] Group 1: Acquisition Details - The acquisition involves a bank-owned manufacturing building of about 184,000 square feet [1] - Jerash Holdings made a down payment of $0.6 million, with the remaining $2.8 million financed by the Housing Bank over an eight-year period [1] - The first principal payment is scheduled for February 2027 [1] Group 2: Strategic Implications - This acquisition is expected to support Jerash's manufacturing capabilities for custom and ready-made sportswear and outerwear [1] - The expansion aligns with the company's strategy to cater to leading global brands [1]