Kuangda Technology (002516.SZ) plans to invest in the establishment of a subsidiary in Zhuzhou to undertake regional production and services

According to the Zhitong Finance App, Kuangda Technology (002516.SZ) announced that the company plans to invest 50 million yuan to establish a wholly-owned subsidiary in Tianyuan District of Zhuzhou City (hereinafter referred to as “Zhuzhou subsidiary”). The investment established a subsidiary in Zhuzhou. Its core positioning is to serve as the company's core business fulcrum in central China, undertake regional production and services, and be responsible for the pilot and industrialization of emerging business lines.

By establishing a subsidiary in Zhuzhou, we will fill the gap in the company's production capacity in central China, optimize the national production capacity layout, increase service efficiency and market share for core customers; cultivate high-value-added emerging business clusters to build long-term growth momentum for the company; and deepen industrial ecological collaboration to make the company's overall strategy more in line with market needs and industry trends, and lay a solid foundation for the company's long-term development.