On July 2, Crystal-Optech Co., Ltd announced that it plans to bid for the right to use 47,419-square-meter land in Jiaojiang District, Taizhou City for a using-period of 50 years. The total investment of the purchase will not exceed 45 million yuan and will be funded completely by the company’s own capital. This land-use-right serves as land reserve for the company’s expansion.
 
Crystal-Optech Co., Ltd says that responding to the company’s development strategy, the purchase of land-use-right will provide land resource for the company’s expansion in a long run, and meet the demand for operational area in the company’s growth.