On August 12th, Gelunhui reported that Zhongrong Electric (301031.SZ) held its 17th meeting of the 3rd Board of Directors on August 12th, 2024 and passed the proposal on "participation in the bidding of Land Parcel GX3-4-41", in order to meet the company's strategic development needs, and agreed that the company would use its own or self-raised funds to participate in the public auction of land use rights for Land Parcel GX3-4-41. The starting price for the land this time is RMB 22.1 million, and the bidding deposit is RMB 4.5 million.
The participation in the bidding for land use rights this time will be used to support the Senoke New Energy Technology Park project, providing support for the company's long-term, healthy, and sustainable development.