Lvlian Technology (301606.SZ) plans to purchase land use rights and invest in construction projects for 1.08 billion yuan

Zhitong Finance App News, Lulian Technology (301606.SZ) issued an announcement to sign the “Shenzhen State-owned Construction Land Use Rights Concession Contract” with the Longhua Administration Bureau of the Shenzhen Municipal Bureau of Natural Resources to meet the future business development space requirements of Shenzhen Lulian Technology Co., Ltd. (hereinafter referred to as “Lulian Technology” or the “Company”) and further optimize the company's overall strategic plan. The company's wholly-owned subsidiary Zhongzhi Real Estate (Shenzhen) Co., Ltd. (hereinafter referred to as “Zhongzhi Real Estate” or “subsidiary”) plans to sign the “Shenzhen State-owned Construction Land Use Rights Transfer Contract” with the Longhua Administration Bureau of the Shenzhen Municipal Bureau of Natural Resources The right to use state-owned construction land on the land at the road junction. After obtaining the aforementioned state-owned land use rights, Zhongzhi Real Estate plans to invest in the construction of an industrial plant urban renewal project in Yuanfen Village, Dalang Street, Longhua District on this plot. The total planned investment for this investment project is estimated at RMB 1.08 billion.