Zhangzhou Development: Subsidiary companies Zhang Electric Group and Zhang Long Construction Investment signed a 32.18 million yuan intelligent engineering contract.

date
26/06/2026
Development announcement of Zhangzhou: Zhangzhou Information Industry Group Co., Ltd., a wholly-owned subsidiary of Zhangzhou, signed a "Construction Engineering Construction Specialty Subcontracting Contract" with Zhanglong Construction Investment Co. The contract price is temporarily set at 32.18 million yuan. Zhanglong Construction Investment Co. is a related party as it is a subsidiary of the company's controlling shareholder Zhanglong Group. The transaction has been approved by the board of directors, with the related director Zhang Guangyu abstaining from voting. The transaction does not constitute a major asset restructuring and is expected to have a positive impact on the company's financial condition and operating results for the 2026 fiscal year. In the past 12 months, the company and its subsidiaries have had cumulative related party transactions with Zhanglong Group and its subsidiaries totaling 124 million yuan.