Kuangda Technology Group (002516.SZ) plans to invest in establishing a subsidiary in Zhuzhou to undertake localized production and services in the region.

Kuangda Technology Group (002516.SZ) announced that the company plans to invest 50 million yuan to establish a wholly-owned subsidiary in Tianyuan District, Zhuzhou City (hereinafter referred to as "Zhuzhou Subsidiary"). The core positioning of the Zhuzhou Subsidiary is to serve as the company's core business support point in the Central China region, undertaking localized production and services, and responsible for piloting and industrializing emerging business lines. By establishing the Zhuzhou Subsidiary, the company aims to fill the production capacity gap in the Central China region, optimize the national production layout, enhance service efficiency for core customers, and increase market share. It also aims to cultivate high value-added emerging business clusters to build long-term growth momentum for the company. Through deepening industrial ecosystem collaboration, the company aims to align its overall strategy with market demand and industry trends, laying a solid foundation for its long-term development.