Fengyuan-KY Announces Its Major Subsidiary Enlong Industrial (Jiaxing) Co., Ltd. Acquires Usage Rights to Assets from Related Party
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Fengyuan-KY reported that its subsidiary, Enlong Industrial (Jiaxing) Co., Ltd., has acquired usage rights to property located in Jiaxing City, China, from related party Cai Xiaolan. The lease agreement spans from June 1, 2026, to May 31, 2029, with annual rent of RMB 66,000, intended for employee and business traveler accommodation.