Lego Shares, a leading enterprise in China's smart home industry, recently announced a significant investment decision to accelerate its strategic layout in the field of cross-border e-commerce. The company's wholly-owned subsidiary, Ellabell Bryan Lecangs LLC, has signed a construction contract with Clayco, Inc. in the United States, planning to invest $78 million in the overseas warehouse project in Ellabell, Georgia.

This decision marks a solid step for Lego Shares in enhancing its global competitiveness. The project is expected to cover an area of about 1 million square feet, located on approximately 76.71 acres of land, and is expected to be completed by the end of 2025. This investment will not only strengthen Lego Shares' warehousing capabilities in the overseas market but also further enhance its service level in the field of cross-border e-commerce.

Lego Shares stated that overseas warehouses, as infrastructure for cross-border e-commerce, are crucial for meeting the growing market demand. The company has already purchased about 5,000 acres of land around the core ports in the United States, providing a solid foundation for the construction of about 1.5 million square meters of overseas warehouses. By continuously advancing the construction of overseas warehouses, Lego Shares will optimize its cross-border logistics system, improve operational efficiency, and reduce costs.

In addition, Lego Shares also emphasized the "dual-wheel drive" strategy of smart home business and overseas warehouse business, aiming to achieve synergistic development of the company's business, enhance profitability, and promote the company's sustainable development.

Lego Shares' investment move demonstrates its confidence and commitment to the future development of the cross-border e-commerce industry. With the continuous expansion of the global e-commerce market, Lego Shares, by strengthening the construction of overseas warehouses, will not only enhance its own market competitiveness but also provide customers with more efficient and reliable services, further consolidating its leadership position in the fields of smart home and cross-border e-commerce.