Xiamen East Asia Machinery Industrial Co.Ltd(301028) : Announcement on the progress of participating in land auction

Securities code: Xiamen East Asia Machinery Industrial Co.Ltd(301028) securities abbreviation: Xiamen East Asia Machinery Industrial Co.Ltd(301028) Announcement No.: 2022009 Xiamen East Asia Machinery Industrial Co.Ltd(301028)

Announcement on the progress of participating in land auction

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or material

Omission.

The second meeting of the board of directors on land auction (hereinafter referred to as “the 23rd board of directors”) was held on August 2023. See the announcement on participating in land auction (Announcement No.: 2022008) disclosed by the company on cninfo.com for details. The company successfully won the right to use the state-owned construction land of plot 2021tg02-g on March 23, and signed the transaction confirmation with Xiamen natural resources and Planning Bureau. Now the relevant information is announced as follows:

1、 Basic information of competing land:

1. Parcel No.: 2021tg02-g

2. Land area: 115504082 square meters

3. Plot location: Southwest of the intersection of Butang middle road and Yinlu Avenue in Tongxiang gaoxincheng area, Tong’an District, Xiamen City, Fujian Province

4. Land use: industrial land

5. Transfer period: 50 years

6. Initial listing price: RMB 44.9 million

7. Bidding deposit: RMB 8.98 million

8. Final competitive price of land: 31.43 million yuan

2、 The impact of the acquisition of land use right on the company

The land use right obtained this time can effectively meet the company’s demand for R & D and production land for future development, provide guarantee for the company to further expand production capacity, and comply with the company’s strategic development plan and long-term development goals. The funds for obtaining the land use right this time come from the company’s own funds, which will not affect the normal development of the company’s existing main business, will not have a significant impact on the company’s financial status and operating results, and will not damage the interests of the listed company and all shareholders.

3、 Other instructions

According to the measures on promoting cross-strait economic and cultural exchanges and Cooperation issued by the State Council Taiwan Affairs Office and the measures on further deepening economic, social and cultural exchanges and cooperation between Xiamen and Taiwan issued by the Xiamen municipal government, the project is won by Taiwan funded enterprises, and the initial transfer price (44.9 million yuan) of the final transaction price can be given a discount of 70%. The total transaction price of the plot is RMB 31.43 million.

The company will sign the Xiamen state owned construction land use right transfer contract for the target plot with Xiamen natural resources and planning bureau according to the relevant provisions of the transaction confirmation of this auction, and handle the land transfer procedures. The company will timely perform relevant information disclosure obligations according to the progress of the project.

4、 Documents for future reference

1. Transaction confirmation

It is hereby announced.

Xiamen East Asia Machinery Industrial Co.Ltd(301028) board of directors March 23, 2022

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