On June 25, Yunzhong Technology made a public announcement stating that its majority-owned subsidiary, Chizhou Yunzhong, has earmarked a staggering 1.5 billion yuan for investment in Anhui Chizhou, with the aim of constructing a state-of-the-art high-performance MLCC (Multilayer Ceramic Chip Capacitor) production facility. This ambitious project will be rolled out in two distinct phases, with an equal investment of 750 million yuan allocated to each phase. The responsibility for executing this grand vision lies with the newly formed subsidiary, Chizhou Yunchi Electronics.
