On June 7, 2024, Aima Technology (603529.SH) announced that it had established a wholly-owned subsidiary, Gansu Aima Vehicle Technology Co., Ltd. (hereinafter referred to as 'Gansu Vehicle') responsible for all production operations of the 'Aima Lanzhou New Area Industrial Park Project'. Recently, Gansu Vehicle and the Lanzhou New Area Natural Resources Bureau signed the 'State-owned Construction Land Use Right Transfer Contract' for industrial land use. The fill price was RMB 0.131 billion yuan. It shall be paid in full within 365 days from the date of signing the contract. The deposit is RMB 90.97 million yuan, which shall be used as the land transfer price.
This land purchase is conducive to the smooth implementation of the 'Aima Lanzhou New Area Industrial Park Project', further expanding the production capacity of electric two-wheeled and three-wheeled vehicles, improving the company's production capacity layout in the northwest region, and meeting the needs of the company's future market expansion and business development in the northwest region.
