Shengbang Security: Plans to invest 2.49 billion yuan to build an intelligent communication security research and development manufacturing base.

Shengbang Security Announcement stated that the company plans to invest approximately 249 million yuan through its wholly-owned subsidiary, Xi'an Shengbang Xing Tong, with a fixed asset investment of approximately 199 million yuan, to build an intelligent communication security research and development manufacturing base project. The project is located in the Xi'an High-tech Zone, with a total area of approximately 15 acres, and the land is designated for scientific research use with a term of 50 years. The project is still in the stage of applying for land public bidding and has not yet signed a formal contract. This investment does not constitute related party transactions and major asset restructurings, but there are risks such as land bidding, project implementation, and unmet expectations for returns.