Southern Precision Machinery: Plans to Bid 1.024 Billion Yuan for Land and Invest in Construction Projects

NanFang JingGong announced that the company plans to bid for the land use rights of the plot numbered Chucheng 2026023 in Wujin District, Changzhou City, Jiangsu Province, and to invest in a new construction project. The starting bid for the land auction is 47.73 million yuan, with the total estimated project investment of approximately 1.024 billion yuan, sourced from self-owned or self-raised funds. The proposal has been approved by the board of directors and is yet to be submitted for consideration at a temporary shareholders' meeting. The project construction is expected to take 60 months and is not anticipated to have a significant impact on performance in the short term, with certain uncertainties involved.