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Ebang acquires land use rights for $4M to build renewable energy manufacturing base in China
EBONEbang International Holdings Inc.
On September 28, 2026, Ebang International Holdings Inc. acquired state-owned construction land use rights in Meishan Town, Changxing County, Zhejiang Province, China, for RMB 27,230,000 (approximately US$4 million). The parcel covers approximately 66,731 square meters with a 50-year term, payable within 30 days. Delivery is expected by December 28, 2026, with construction planned to commence by June 28, 2027 and complete by December 28, 2028. The site will serve as a manufacturing base for electrical power equipment and renewable energy products, subject to specific investment and environmental covenants. Ebang International Holdings Inc. operates in the electrical power equipment and renewable energy manufacturing industry.