Fibocom Wireless Inc. (300638.SZ) plans to build an Internet of Things communication industrial park in Shangli County, with an expected investment of 400 million yuan.

Fibocom Wireless Inc. (300638.SZ) announced that on November 28, 2025, it signed an "Investment Agreement" with the People's Government of Shangli County, Jiangxi Province to establish a wholly-owned subsidiary for industrial park investment in Shangli County, Jiangxi Province. The planned registered capital of the new wholly-owned subsidiary is 50 million yuan, with a planned investment in Shangli County of 400 million yuan, including an estimated 200 million yuan for repurchasing construction of factory buildings and land transfer fees, and 200 million yuan for purchasing equipment for 10 wireless communication module production lines. The announcement stated that the establishment of the new wholly-owned subsidiary to invest in the construction of the Jiangxi Fibocom Wireless Inc. Internet of Things Communication Industrial Park in Shangli County is an important measure for the company to improve its industrial chain layout.