Tianshui Zhongxing Bio-Technology plans asset lease bid for expansion

Tianshui Zhongxing Bio-Technology will participate in an asset lease auction for a 10-year leasehold of a factory property at Guangming Road No. 1, Linxi County, Xingtai City, Hebei Province. The property, offered by Hebei Jiudaogu Biological Technology Co., Ltd. through the Shanghai Transaction Group Co., Ltd. real estate leasing platform, includes land, production workshops, office buildings, dormitories, and canteens, totaling 144,978.20 square meters. The initial annual rent is CNY 13,000,000.

The board of directors approved the resolution during its twentieth meeting of the fifth session on December 17, 2025. This move aligns with the company's development strategy and project construction needs, aiming to secure facilities for its edible and medicinal fungi business. The board has authorized the company's general manager to handle all matters related to the bid, including pricing and contract execution.

Tianshui Zhongxing Bio-Technology emphasizes that while the bid is a strategic step, the final acquisition is subject to the auction outcome. The company will continue to monitor the progress of the bidding and fulfill its information disclosure obligations.