Boying Special Welding: Wholly-owned Subsidiary Signs "Land Lease Agreement"

Gelonghui March 20 | Boyingte Welding Announcements: The company approved on December 12, 2025, an investment of no more than RMB 275 million to its wholly-owned subsidiary Boying Vietnam, including RMB 55 million for purchasing land use rights in Vietnam and RMB 220 million for building new factories and expanding HRSG and other product lines. On December 15, 2025, Boying Vietnam signed the “Land Reservation Contract” and recently officially signed the “Land Lease Contract,” completing key steps for land acquisition.

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