Applied Optoelectronics signs 10-year factory lease in Ningbo, China for production

APPLIED OPTOELECTRONICS, INC.

Global Technology subsidiary leases 38,311.8 sq m factory from Ningbo Yiduofu Industrial Co., Ltd.
Lease term Sept 16, 2026 to Sept 15, 2036; initial annual rent RMB 6,896,124 (RMB 15/sq m/month).
Rent escalates 3% every 3 years starting in lease year 3; security deposit RMB 570,000.
3-month rent-free renovation period; lessee bears power capacity expansion costs up to 7,250 kVA dual-circuit.
Includes right of first refusal to purchase the property and to renew on no less favorable terms.

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