Hanma Technology subsidiary signs deal for Wuhu land and property acquisition

Hanma Technology Group Co., Ltd. announced its subsidiary, Wuhu Fuma Auto Parts Co., Ltd., signed a Letter of Intent for Land and Property Acquisition and Storage Agreement with the Wuhu Economic and Technological Development Zone Management Committee on September 5, 2025. The total compensation for the acquisition is RMB 79,300,651.

The agreement involves the acquisition of land and properties within Wuhu Fuma's factory area, covering 51,133.672 square meters of land and 25,338.36 square meters of above-ground buildings. The compensation includes RMB 6,6115,091 for Wuhu Fuma's assets, RMB 1,013,5344 for relocation incentives, RMB 300,5179 for business interruption losses, and RMB 4,5037 for relocation expenses, based on an appraisal report and government calculations.

This transaction was approved by the company's ninth board of directors at its sixteenth meeting and is not subject to shareholder approval. Hanma Technology expects the acquisition to revitalize assets, supplement working capital, and positively impact its financial performance.