Nanfang Precision Plans Land Auction Bid for Precision Components Project with Total Investment of About 1.024 Billion Yuan

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Nanfang Precision announced plans to bid for the land use rights of a plot in Wujin District, Changzhou City, Jiangsu Province, designated as Chuchen 2026023 (GD2026033), and to invest in a new project. The starting price for the land use rights auction is 47.73 million yuan, and the total project investment is expected to be approximately 1.024 billion yuan, including land transfer fees, construction works, and equipment purchase costs. The project, named the Annual Production of 213.5 Million Sets of Precision Components Project, has a construction period of 60 months after obtaining the land.

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