Huading Nylon: The company has won the land use rights through bidding

Huading Nylon announced that the company recently won the bidding for the state-owned construction land use rights of "Plot 2 on the northwest side of the intersection of Wuzhou Avenue and Shangfo Road" from the Yiwu Natural Resources and Planning Bureau for 34.26 million yuan, and signed the "State-owned Construction Land Use Rights Transfer Contract" with the Yiwu Natural Resources and Planning Bureau. The land transfer period is 40 years, with a transfer area of 135,900 square meters. The land use rights obtained from this bidding will be used to construct the "200,000-ton PA6 functional nylon filament project," with a total investment of 2.738 billion yuan and a construction period of 5 years