Boyuant Welding's wholly-owned subsidiary signs a land lease contract in Vietnam involving approximately 1.938 billion Vietnamese dong.

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Guangdong Boyingte Welding Technology Co., Ltd. (Stock Code: 301468, Stock Abbreviation: Boyingte Welding) announced on March 20, 2026, that its wholly-owned subsidiary, Vietnam Boyingte Special Welding Manufacturing Co., Ltd. (hereinafter referred to as “Vietnam Boyingte”), recently signed a formal Land Lease Contract with SAO DO Investment Group Co., Ltd.

Previously, Boyingte Welding held the 19th meeting of the second board of directors on December 12, 2025, where it approved an investment plan to increase its investment in Vietnam Boyingte by no more than 275 million RMB, of which 55 million RMB is intended for land use rights purchase in Vietnam. On December 15, 2025, Vietnam Boyingte signed a Land Reservation Contract with the lessor, locking in a land parcel located in Vietnam’s Nantin Wu Non-Tariff Industrial Park, CN19 section, with a total area of 62,455.85 square meters.

According to the latest signed Land Lease Contract, the land lease price is 3,102,456 VND per square meter (excluding VAT), with a total lease amount of 193,766,526,568 VND (excluding VAT). The lease term starts from the date of signing the Land Parcel Handover Memorandum and ends on May 6, 2059.

The company states that signing this land lease contract is to further strengthen the construction of the Vietnam production base, expand capacity, respond more efficiently to customer needs, improve product delivery and service quality, better meet the growing demand in North American HRSG and other product markets, and enhance the company’s overall competitiveness and brand influence in overseas markets.

The announcement also notes that after the contract is signed, the company will handle related procedures such as obtaining ownership certificates. During this process, there is a risk that the contract may not be fulfilled due to reasons such as the other party’s inability to perform commitments, relevant authorities refusing to process change registrations, unilateral contract termination, or force majeure events. The company will strictly disclose information according to the progress of these matters.

The funds for this transaction come from the company’s own or self-raised funds. The company states that this move aligns with development needs and will not adversely affect normal operations, current financial condition, or operating results, nor harm the legitimate interests of the company and other shareholders.

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