Tonghe Technology (300491.SZ) plans to invest 1 billion yuan to build an industrialization project for integrated intelligent complete power supply equipment for computing power and energy storage.

Zhitong Finance APP news, Tonghe Technology (300491.SZ) issued an announcement that, in order to meet the needs of the company's medium- and long-term development strategy, accelerate capacity improvement and technological innovation, and enhance the company's profitability, the company intends to sign the "Agreement on Entry into the Zone for the Industrialization Project of Integrated Computing Power and Energy Storage Intelligent Complete Power Supply Equipment" (hereinafter referred to as the "Zone Entry Agreement") with the Management Office of the Shijiazhuang High-tech Zone Technology Entrepreneurship Park. The company intends to invest in and construct the Industrialization Project of Integrated Computing Power and Energy Storage Intelligent Complete Power Supply Equipment in the Shijiazhuang High-tech Industrial Development Zone (including but not limited to the Data Center Power Supply and Distribution System and Module R&D and Production Project (Phase II), the New Energy Storage System Industrialization Project, and the Intelligent Integrated Power Supply System Industrialization Project). The land area proposed for requisition for the project is approximately 100 mu, and the total investment amount is 1.0025 billion yuan.