300848.SZ announced that the company held the third meeting of the third session of the board of directors on December 4, 2021, and examined and passed the "Bill on the purchase of Land use Rights by subsidiaries". It is agreed that Meirui Science and Technology (Henan) Co., Ltd. (referred to as "Meirui Science and Technology"), a subsidiary of the company, uses its own funds of no more than 180 million yuan to purchase the state-owned land use right of about 624000 square meters in Hebi City, Henan Province. Recently, the United States and Rui Technology with 1.64.2 billion yuan successfully won the land use right of the land, and signed a "transaction confirmation" with Hebi Natural Resources and Planning Bureau.
Land number: HT2021-44; Land location: the west side of Coal Chemical Avenue and the north side of Baoyuan Road, Baoshan District, Hebi City, Henan Province; the nature of land: industrial land; total area: 624028.745 square meters, net land: 583432.042 square meters, roads: 40596.703 square meters; useful life: 50 years.
The land use right won in this competition will be mainly used for the construction of the Meirui Science and Technology Polyurethane New Materials Industrial Park project, which is in line with the company's strategic layout and long-term development goals, and is conducive to promoting the sustainable development of the company.