KN HOSPITAL (02120) has announced that on May 18, 2026, its board of directors reviewed and passed a proposal regarding a potential acquisition. The company intends to purchase a property from Guoda Investment for a consideration of 31.45 million yuan. The property is designated for use as teaching and research facilities.

Located on Floors 12-15 of Phase II of the Business Center in the Higher Education Park, Chashan Street, Ouhai District, Wenzhou City, Zhejiang Province, China, the property has a building area of 4,523.86 square meters and a land use right area of 267.90 square meters. The property is adjacent to Wenzhou Medical University, offering significant locational advantages, convenient transportation, and well-developed supporting infrastructure. It is poised to complement university teaching and research resources, creating a development framework characterized by functional synergy, spatial continuity, and overall interconnectivity.

This acquisition is expected to facilitate the integration of high-quality regional educational and medical resources, enhance the operational efficiency of teaching and research activities, and provide solid hardware support for the company's clinical teaching, scientific research innovation, and talent training initiatives. It will assist the company in building a high-level mental health medical, teaching, and research platform.