Zhitong Finance App News, Zhenlan Instrument (301303.SZ) announced that the company's board of directors reviewed and passed the “Proposal on Signing Investment Agreements between Wholly-owned Subsidiaries and the Anhui Xinwu Economic Development Zone Management Committee”. The Anhui Xinwu Economic Development Zone Management Committee and Zhenlan Instrument Technology Co., Ltd. (“Instrument Technology” for short) intend to sign an “Investment Agreement” and agreed on the investment of instrument technology in the Xinwu Economic Development Zone in Anhui Province. Project business scope: production and sale of instruments, gas equipment, pipes, fittings, hardware, plastic parts, electronic equipment and electronic components.

The total fixed asset investment of the third phase of the Wuhu Zhenlan Project is 270 million yuan, including land concessions, construction projects, installation projects, and equipment purchases. The entire investment was completed within 2 years. The project will apply for a land area of 90 acres. The site is located south of Beiyi Road and west of Jingwu Road in Xinwu Economic Development Zone, Anhui. The land use rights for the project were obtained through “bidding, auction and listing”, and the land sale price was 178,000 yuan/mu.

It is reported that this investment will help promote the gradual implementation of the company's medium- to long-term strategic plans and further expand market share and industrial chain business development.