Suzhou TZTEK Technology (688003.SH) plans to purchase land use rights to carry out the construction project for the industrialization of high-end visual equipment.

Suzhou TZTEK Technology (688003.SH) has announced that the company plans to carry out the industrialization construction project of high-end visual equipment in the Science and Technology City of Huqiu District, Suzhou. This project focuses on high-end equipment manufacturing and future industrial development, aiming to achieve mass production of the company's independently developed high-end visual equipment products. The company plans to acquire land use rights through public bidding to promote the construction of the project, in order to meet the company's business development and capacity upgrade needs. The total investment of this project is approximately 1 billion yuan (including land transfer fees, subject to the actual investment amount), and the project is located on the east side of Xunyangjiang Road and the south side of Qinling Road, covering an area of approximately 92 acres with a planned construction area of approximately 146,000 square meters. This investment project will meet the company's needs for industrial scale expansion, further enhance the company's product matrix, and enrich its product system, improve product competitiveness, and increase market share.