On July 22, Gelonhui reported that based on the company's business development needs, as well as overall production and operation planning arrangements, and fully utilizing the company's leading advantages in the intelligent controller industry, the company intends to invest in the establishment of a research and development manufacturing base in Guangming District, Shenzhen through its wholly-owned subsidiary, Shenzhen H&T Intelligent Control Technology Co., Ltd. (hereinafter referred to as "H&T Intelligence"), in order to optimize the overall distribution of the company's production capacity, improve production efficiency, expand the company's production and operation scale, improve the industrial layout, and further enhance its industry status and market share.
The total investment amount of the research and development manufacturing base project (hereinafter referred to as "this project") is approximately RMB 1.188 billion yuan [including the land use right price, main building, production equipment and other ancillary facilities investment (including the value of production equipment invested in the use of external production sites rented in advance to meet production and operation needs)], and the project is planned to be completed and put into operation by December 2027.
The company's external investment in this matter does not constitute a related party transaction, nor does it constitute a major asset restructuring as defined in the Measures for the Administration of Major Asset Restructurings of Listed Companies.
