Chih Sheng Announces Increased Factory Construction Budget for Subsidiary Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd.
AI Summary (NQ-processed)
Chih Sheng's subsidiary, Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd., has announced an increase in its factory construction budget from RMB 177 million to RMB 346 million, following land area adjustments in accordance with local government planning. The resolution was passed on June 26, 2026.
AI Analysis
Frequently Asked Questions
Q: Why was the construction plan for Suzhou Chuangfeng Optoelectronic changed?
A: The land area was adjusted to comply with local government planning, leading to a revised budget after re-estimation.
Q: Will the budget increase affect Chih Sheng's finances?
A: According to the announcement, the change will have no impact on the company's financial or business operations.
Q: When was the new land acquisition approved?
A: The acquisition of the newly planned land and budget was approved on June 26, 2026.