Why did the subsidiary increase the factory construction budget?

Due to land area adjustments aligned with local government planning, requiring redesign and cost re-estimation.

What is the new construction budget amount?

Revised to RMB 346 million, nearly double the original RMB 177 million.

Will this budget change affect Chih Cheng's finances?

The company states there will be no impact on financial or business operations.

Where is the factory being constructed?

At the new site in Suzhou, Jiangsu Province, China, operated by the subsidiary.

When was this budget change approved?

Approved by the board on June 26, 2026, and announced the next day.

Subsidiary Announces Increased Factory Construction Budget in Suzhou to RMB 346 Million

AI Summary (NQ-processed)

Chih Cheng's subsidiary, Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd., has announced an increase in its factory construction budget from RMB 177 million to RMB 346 million, due to land area adjustments aligned with local government planning.

AI Analysis

Frequently Asked Questions

Q: Why did the subsidiary increase the factory construction budget?: A: Due to land area adjustments aligned with local government planning, requiring redesign and cost re-estimation.
Q: What is the new construction budget amount?: A: Revised to RMB 346 million, nearly double the original RMB 177 million.
Q: Will this budget change affect Chih Cheng's finances?: A: The company states there will be no impact on financial or business operations.
Q: Where is the factory being constructed?: A: At the new site in Suzhou, Jiangsu Province, China, operated by the subsidiary.
Q: When was this budget change approved?: A: Approved by the board on June 26, 2026, and announced the next day.