Boshijie announced that the subsidiary Huizhou Boshijie Technology Co., Ltd. and the Huizhou Zhongkai High-tech Industrial Development Zone Natural Resources Comprehensive Service Center signed the “State-owned Construction Land Use Rights and Overground Building Recovery Compensation Agreement”, agreeing to take back the state-owned construction land use rights and ground buildings located on Huifeng East 3rd Road, Huizhou Zhongkai High-tech Zone, with a total compensation price of 109 million yuan. 10% of the total compensation is paid within 30 days from the effective date of this agreement, and the remaining balance of RMB 984.14 million is paid within 90 days from the effective date of the agreement; the subsidiary must vacate the plant and deliver it before December 31, 2026. The company said it will continue to produce and operate in the existing factory area and implement the relocation after the construction of the new factory area is completed.

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