Haozhi Electromechanical announced that the company intends to sign an Investment Promotion Framework Contract with the Management Committee of Xiangyin High-Tech Industrial Development Zone, reaching cooperation on the company's investment in the Phase II project of the Haozhi High-End Equipment Intelligent Manufacturing Industrial Park in Xiangyin County. The project has a total planned land area of approximately 251 mu, to be constructed in two phases, with 200 mu in the first phase and 51 mu in the second phase. The project will build standardized production workshops, research and development testing centers, and other facilities, carrying out the research, development, manufacturing, and sales of core components for high-end equipment. This contract does not involve any specific transaction amount agreement and will not have a material impact on the company's current operating performance or financial condition.
Guangzhou Haozhi Industrial Co LtdSigns framework contract to invest in Phase II industrial park project, expanding production and R&D facilities, though no specific amount and no material near-term financial impact.
