Shaanxi Blower Power announced that the company plans to invest in the construction of the Shaanxi Blower High-End Equipment Industry Innovation Research Center, with an investment amount not exceeding 673 million yuan. The project is located in the Xi'an High-tech Zone, with a total construction area of approximately 83,400 square meters, a construction period of 34 months, and funding from the company's own resources. The proposal has been approved by the board of directors and still needs to be submitted to the shareholders' meeting for review. The project aims to enhance core technology research capabilities and support the company's third strategic transformation.
XiAn Shaangu Power Co LtdCompany plans to invest up to 673 million yuan in a high-end equipment innovation research center, a capex commitment supporting its strategic transformation.
