Honggong Technology (301662.SZ) intends to sign a project contract with the Changsha Economic Development Zone Management Committee.

The Zhitong Finance and Economics APP reported that Honggong Technology (301662.SZ) issued an announcement regarding the company's strategic layout. In order to enhance the company's core competitiveness, attract excellent talents, and promote the sustainable development of the company's operation, the company plans to sign a "Project Introduction Contract" with the Changsha Economic and Technological Development Zone Management Committee (referred to as the "Development Zone Management Committee") to agree on matters related to establishing a subsidiary for project investment; the company plans to invest no more than 450 million yuan, including fixed asset investment, and the Development Zone Management Committee will provide coordinated support. The content of this project includes: 1. establishment of the Honggong Technology Management Headquarters and Global R&D Center. 2. construction of the general assembly base and sales center.