WebRAY Tech Group Inc. (688651.SH): Intends to invest 249 million yuan to build an intelligent communication security research and development manufacturing base project.

WebRAY Tech Group Inc. (688651.SH) announced that the company plans to construct an intelligent communication security research and manufacturing base project in the Xi'an High-tech Industrial Development Zone through its wholly-owned subsidiary Xi'an Shengbang Xing Tong. The project aims to build an industrial base for the research of core technologies in intelligent communication and security, as well as the development and manufacturing of corresponding products. The total investment for this project is estimated to be approximately 249 million yuan, with a fixed asset investment of around 199 million yuan (including the land transfer fee, subject to actual investment amount). The planned land acquisition is located south of Tian Gu Fourth Road and east of Yun Shui Second Road in the Xi'an High-tech Zone. The total area is approximately 15 acres, designated for research use with a term of 50 years, covering around 9,999.9 square meters. The wholly-owned subsidiary Xi'an Shengbang Xing Tong intends to acquire the land use right through public auction to advance the construction of the project and meet the company's growing demands. With a mission to "make the online space more orderly," the company continues to upgrade itself to a new type of security company. The planned land acquisition and investment in the construction of the research and manufacturing base project will help the company enhance its industrial layout and product structure, improve research and development capabilities and manufacturing capacity, optimize the allocation of site resources, reduce overall operating costs, enhance management efficiency and resource integration capabilities, and lay a foundation for the company's long-term stable development, aligning with the company's long-term strategic development plan.