Cheersson: Plans to purchase land in Mexico at USD 59 per square meter, with a total transaction price of USD 3.0855 million

Cheersson announced that its wholly-owned subsidiary in Mexico, Cheersson, intends to purchase permanent ownership of 52,300 square meters of land in the Apaseo El Grande industrial park in Guanajuato, Mexico, at a price of USD 59 per square meter. The total transaction price is USD 3.0855 million, equivalent to approximately RMB 22.1817 million. This transaction aims to strengthen the company's production and operational land in North America, with funding sourced from self-owned or self-raised funds, and does not constitute a related party transaction or a major asset restructuring. The transaction still requires completion of business, development and reform, and foreign exchange filing procedures, which carries uncertainty