GRG Metrology & Test Group (002967.SZ) plans to invest 800 million yuan to build a testing base in the Southwest and deepen regional layout.

GRG Metrology & Test Group (002967.SZ) announced that the company plans to invest in the construction of the GRG Metrology & Test Group Southwest (Chengdu) Testing Base, with a total investment of 800 million yuan. The announcement stated that the construction of the Southwest Testing Base is an important initiative for the company to deepen its regional layout and overcome business restrictions. The company will obtain office and laboratory facilities in Chengdu to support sustainable development, which will avoid the constraints on business development posed by leasing facilities in terms of building structures and expansion space, as well as the risks and disadvantages associated with relocation after the lease expires for the normal operation of the laboratory. This will provide strong assurance for the company's long-term business planning and continuous competitiveness enhancement.