Wenling MCT acquires land use rights for RMB52.06m

Wenling MCT, through its wholly-owned subsidiary Wenling Sunrise, has successfully bid for land use rights in Qianyangxia Village, Wenqiao Town, Wenling City, Zhejiang Province, PRC. The acquisition was formalized through a confirmation letter with the local bureau on June 10, 2025. The total consideration for the land use rights is RMB52.06 million. The land, spanning approximately 19,271 square meters, is intended for the construction of the Wenling City Shanhaitianqiao construction project.