Gelonghui Food (002956.SZ) announced on March 27, that the company plans to sign the “Suqian Economic and Technological Development Zone Industrial Project Investment Contract” with the Suqian Economic and Technological Development Zone Management Committee to establish a wholly-owned subsidiary, Jiangsu Ximaida Health Food Co., Ltd. (“Jiangsu Health” for short, the name is based on commercial registration) to invest in the “Simai Health Food Project”. The total investment of the project is 330 million yuan, of which the fixed asset investment is not less than 200 million yuan. The project will be invested in two phases. The first phase is to invest 152 million yuan, including 145 million yuan in fixed assets. The company will invest in the “Jiangsu Seema Oat Food Innovation Factory Project” of the wholly-owned subsidiary Jiangsu Seymai Food Co., Ltd. (The project is under construction and will be invested after completion. The specific investment method will be determined by the company according to the situation at that time). If there is a shortage, the company will invest with its own capital. The second phase plans to invest 178 million yuan, of which 55 million yuan will be invested in fixed assets.