JSJ: Wholly-owned subsidiary plans to purchase 24 acres of land in Malaysia

JSJ announced that its wholly-owned subsidiary JSJ plans to purchase approximately 73 acres of industrial land located in the Malaysia-China Kuantan International Logistics Park as production and operation land in Southeast Asia. Recently, JSJ signed a Land Purchase Agreement with MCKILP to acquire approximately 24 acres of land for the construction of a production base. The funds for this transaction will come from self-owned/self-raised funds and will not affect existing operations. However, due to significant differences between Malaysia and the domestic market, there are risks that project progress and investment returns may not meet expectations