Core Viewpoint - The company, Fan Yuan International, has entered into six pre-sale agreements to acquire a property in Hangzhou, China, for a total consideration of RMB 52.33 million, aiming to reduce future rental expenses by owning its office space [1] Group 1: Acquisition Details - The buyer, Hangzhou Fan Yuan International Logistics Co., Ltd., is a wholly-owned subsidiary of the company [1] - The property, named Xinming Yueming Building No. 2, is currently under construction and will serve commercial and office purposes [1] - The building consists of 6 floors, including 5 above ground and 1 underground, and has obtained a pre-sale permit from the Hangzhou Housing Security and Real Estate Management Bureau as of March 2025 [1] Group 2: Strategic Rationale - The acquisition is seen as a favorable opportunity due to the relatively low prices in the Chinese real estate market [1] - The company plans to use the property as its future office, moving away from its current rented headquarters located in the Hangzhou Cross-Border E-Commerce Industrial Park [1] - This move is expected to effectively reduce the company's monthly rental expenses and cash outflows in the long term [1]