Applied Optoelectronics, Inc. (AAOI), through its subsidiary Global Technology, Inc., has entered into a material 10-year lease agreement for a factory in Ningbo, China. This agreement secures a large-scale production facility and establishes a significant long-term financial obligation for the company.
Key Details
- Agreement Date: September 10, 2026
- Property: A factory of approximately 38,311.8 square meters located in Ningbo, China.
- Lease Term: 10 years, commencing on September 16, 2026, and expiring on September 15, 2036.
- Financial Terms: The initial annual rent is RMB 6,896,124. The rent will increase by 3% every three years, beginning in the third year of the lease. The agreement includes a three-month rent-free renovation period.