Huichuangda won the state-owned land in Zhuhai, and the construction of second phase projects such as Mini LED accelerated

Recently, Huichuangda announced that its wholly-owned subsidiary Zhuhai Huichuangda won the right to use a piece of land in Fushan Industrial Park, Zhuhai City for RMB 23.7585 million. The won land will be used to build the company's new generation electronic information industry innovation base project (Phase II) such as flexible circuit boards, connectors, strain gauges, and MiniLED.

In October this year, Huichuangda acquired the use rights of a piece of land in Fushan Industrial Park, Zhuhai City for 19.7132 million yuan, for the construction of MiniLED and other new generation electronic information industry innovation base projects (Phase I).

It is reported that Huichuangda is mainly engaged in light guide structural parts and components, precision key switch structural parts and components, and its products include light guide films, backlight modules, metal membrane switches, etc.

In terms of backlight module business, Huichuangda is broadening the application of MiniLED backlight products, focusing on the development of applications in automotive, TV, laptops, tablets, e-sports, VR and other related fields.

The land parcel number that Huichuangda won this time is 22171/Zhu Natural Zi Fugong No. 2022-19, with a land area of 54,869.59 square meters and a transfer period of 50 years. According to the investment indicators in the documents, the Huichuangda project will be put into operation within 45 months of land delivery. The initial operation period of the project will be 2 years, and the subsequent 3 years will be the official operation assessment period of the project.

During the initial operation period of the project, Huichuangda promises that the average annual output value (or sales) of the project will not be less than 200 million yuan;During the formal operation assessment period of the project, the annual output value (or sales) shall not be less than 650 million yuan.

Huichuangda said that the completion of the project will help meet the company's business expansion and production capacity layout expansion, enhance the company's core competitiveness, is in line with the company's strategic development plan, and is in line with the interests of all shareholders and the company. The source of funds for the purchase of state-owned construction land use rights is the company's self-raised funds, which will not have a significant impact on the company's financial status.