On June 12th, Geelong announced that its subsidiary, Jiangsu Sanjing Semiconductor Materials Co., Ltd. (referred to as "Jiangsu Sanjing"), plans to participate in the bidding for the land use right of a piece of land (NJNBg030-02-02-02) located west of Jiangjun Avenue and north of Jinxin North Road in Jiangning Development Zone, Nanjing, due to business management needs. The starting price is 5.4 million yuan, and the deposit is 1.08 million yuan.

Jiangsu Sanjing's bidding for land use rights this time is mainly for the construction needs of the "annual production of 2 million units of third-generation semiconductor precision manufacturing equipment and materials" project. If the land use right is obtained, it will help promote and implement the project, and improve the company's industrial layout.