Announcement on the Acquisition of Land and Investment in the Construction of a Smart Energy Innovation Industrial Park
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Overview of External Investment
(I) Introduction to Basic Situation
Oriental Electronics Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the Company's strategic development plan, plans to invest RMB 2.47 billion of its own funds in the construction of a smart energy innovation industrial park project, which includes the acquisition of 535 mu of land. After obtaining the land use rights, the Company will invest in the construction of a smart energy innovation industrial park on this land (tentative name, subject to the final project filing documents).
(II) Deliberation Procedures
On July 23, 2026, the Company held the 19th meeting of the 11th Board of Directors, which reviewed and approved the "Proposal on the Company's Acquisition of Land and Investment in the Construction of a Smart Energy Innovation Industrial Park." It was agreed that the Company would invest RMB 2.47 billion to acquire 535 mu of land and construct a smart energy innovation industrial park. This investment falls within the scope of the Board of Directors' approval authority and does not require submission to the Company's shareholders' meeting for deliberation.
(III) Other Explanations
In accordance with the "Listing Rules of the Shenzhen Stock Exchange," "Articles of Association," and other relevant regulations, this fixed asset investment project does not constitute a related party transaction, nor does it constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
II. Basic Information of the Investment Project
(I) Project Name: Oriental Electronics Smart Energy Innovation Industrial Park Construction Project
(II) Investing Entity: Oriental Electronics Co., Ltd.
(III) Project Content: Purchase of 535 mu of industrial land located on the north side of Waijia River in Zhifu District, Yantai City. The overall planned total construction area (including underground parking) is approximately 425,000 square meters, with a total estimated investment of RMB 2.47 billion. This includes: land cost of approximately RMB 230 million, construction cost of approximately RMB 1.92 billion, production line and equipment investment of approximately RMB 120 million, integrated energy and zero-carbon investment of approximately RMB 100 million, and interest and other expenses of approximately RMB 100 million.
(IV) Project Location: Waijia River North Side, Zhifu District, Yantai City (near Yantai South High-Speed Railway Station, Huanghe Road Expressway entrance).
(V) Project Functional Planning: Centered around the Company's existing "Three Major Business Areas and Six Major Industry Directions," the project will construct a smart manufacturing center, logistics center, testing center, R&D center, product R&D and exhibition center, administrative and service center, staff canteen, and reception center. It will also include pre-planning for infrastructure related to supply chain expansion and industrial incubation, serving as a base for the development of the Company's new businesses and supporting the entry of the Company's future subsidiaries registered in Zhifu District into the park.