On August 31, Huafeng Test & Control made an announcement stating that, in a strategic move to refine its operational framework, bolster the efficiency of its capital deployment, and elevate the execution standards of its fund-raising initiatives, the company has opted to incorporate seven additional implementation sites into its R&D innovation project focused on the self-developed ASIC chip testing system. These new sites span across seven key urban centers: Suzhou, Xi'an, Chengdu, Wuxi, Shenzhen, Hangzhou, and Shanghai. It's important to note that this expansion does not alter the project's original investment trajectory or scope, and the requisite internal review process has been successfully concluded.
