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Aoshikang announced on November 13 that the company had previously reviewed and approved the signing of an industrial project development agreement to invest in and construct the "Aoshikang Nantong Intelligent Computing and High-Speed Interconnect PCB Industrial Base Project" in the Haimen Economic and Technological Development Zone, Nantong, Jiangsu Province. The project entails a total planned investment of RMB 6 billion, to be invested in three phases, with the first phase at approximately RMB 2.5 billion. To advance the project construction, the company recently established a wholly-owned subsidiary, Jiangsu Xizhen Circuit Technology Co., Ltd., with registered capital of RMB 100 million and 100% ownership. The subsidiary has completed its industrial and commercial registration and obtained its business license.
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