Zhongxing Bio-Technology secures factory lease for edible fungi projects

Tianshui Zhongxing Bio-Technology Co., Ltd. announced its successful bid for a 10-year lease of a factory property at Guangming Road No. 1, Linxi County, Xingtai City, Hebei Province. The company's board approved participation in the asset lease bidding on December 17, 2025. On December 18, 2025, the company received the "Bidding Result Notification," confirming its status as the tenant with an annual rent bid of CNY 13.2 million for the first year.

This strategic acquisition aims to further the company's development plans and fulfill project construction and reserve requirements. The asset lease will be paid in installments, mitigating any immediate adverse impact on the company’s financial health and operating performance. The bidding was conducted openly and fairly.

The factory is currently vacant, which will facilitate rapid project renovation and meet construction demands. Furthermore, this asset is designated for long-term use in the company’s edible (medicinal) fungi projects, supporting the growth of its subsidiaries’ business operations. The company will continue to monitor the progress and adhere to disclosure requirements.