Jiangsu NanFang Precision Co., Ltd.
Announcement on Proposed Land Acquisition and Project Construction
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
I. Special Instructions
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Jiangsu NanFang Precision Co., Ltd. (hereinafter referred to as the "Company")'s proposed acquisition of land use rights is subject to public auction. The acquisition of land use rights, the final transaction price, and the acquisition time are uncertain.
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The proposed investment project requires project construction and other approval procedures. The implementation process may be affected by factors such as macroeconomic conditions, industry and local policies, and approval progress, posing risks of project delays, extensions, changes, suspensions, or terminations.
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The investment amount for the proposed construction project is an estimate based on current conditions. If the business or plans for the investment project are adjusted in the future, this estimate may be subject to revision. The Company will invest gradually based on the actual situation.
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The implementation of the proposed construction project requires a certain period. It is not expected to have a significant impact on the Company's performance in the short term. The Company will fulfill its relevant information disclosure obligations in a timely manner based on the project's progress. Investors are advised to invest cautiously and be aware of investment risks.
II. Transaction Overview