Administrative Region: Hai'an City Project Name: Yachi Electric Machinery and Equipment Manufacturing Project Location: Binhai New Area Reclamation Area Supply Area (hectares): 2.122500 Stock Area (hectares): 0.000000 Land Use: V3-100101 Land Supply Method: Listing for Sale Land Use Term: 50 Industry Classification: Other Land Level: Grade 11 Transaction Price (RMB 10000): 734000000 Installment Payment Agreement Payment Period Number Agreement Payment Date Agreement Payment Amount (RMB 10000) Remarks Land Use Right Owner: Nantong Yachi Electric Co., Ltd. Agreed Floor Area Ratio: Lower Limit: 1.400 Upper Limit: Agreed Land Delivery Time: June 13, 2025 Agreed Start Time: December 13, 2025 Agreed Completion Time: June 13, 2027 Actual Start Time: Actual Completion Time: Actual Completion Date Date: Approved by: Hai'an Municipal People's Government Date of Contract Signing: April 14, 2025