On June 5th, Glon Hui announced that Tianjin Benefo Tejing Electric, a subsidiary of Tianjin Benefo Tejing Electric which is controlled by the company, plans to implement a relocation project in order to further improve the product technology level and production efficiency, update and upgrade the production process and equipment, reduce production costs and improve product competitiveness. The investment amount of this project is about 24.39 million yuan, and the source of funds is self-raised by the subsidiary. This project will not affect the company's normal production and operation, and is in line with the interests of the company and all shareholders.
百利电气(600468.SH)：控股子公司拟实施搬迁项目
Tianjin Benefo Tejing Electric (600468.SH): the holding subsidiary plans to implement relocation project.
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