Guangdong Haomei New Material Co LtSubsidiaries leasing facilities to expand production capacity and deploy new businesses.

Haomei New Materials announced that the tenth meeting of the company's fifth board of directors reviewed and approved a proposal. Its wholly-owned subsidiaries, Guangdong Zhengtuo Precision Technology Co., Ltd. and Chongqing Haotuo Auto Parts Co., Ltd., plan to lease office space, production sites, and employee dormitories for daily production and operational needs, in order to expand production capacity and deploy new businesses. The lease prices are fair and will not have a material adverse impact on the company's financial position.
Guangdong Haomei New Material Co LtSubsidiaries leasing facilities to expand production capacity and deploy new businesses.
Wholly-owned subsidiary leasing production sites to expand capacity.
Wholly-owned subsidiary leasing production sites to expand capacity.