Guangzhou Haige Communications Group Incorporated (300711.SZ) announced on August 12th that it plans to jointly invest in the Xi'an Industrial Base project (referred to as the "Base Project") in the Xi'an High-tech Zone with the company's controlling shareholder Guangzhou Digital Technology Group Co., Ltd., Guangzhou Guangdian Emerging Industry Investment Co., Ltd., GRG Banking Equipment Co., Ltd., Guangzhou Haige Communications Group Co., Ltd., GRG Metrology & Test Group and other related parties. The total investment is expected to be no less than 1.2 billion yuan and the company's total investment will not exceed 31.52 million yuan.
In particular: 1. The company and related parties plan to sign an "Investment Agreement" with the Xi'an High-tech Zone Management Committee, jointly bidding on the relevant land in the Silk Road Science City of the Xi'an High-tech Zone, and investing in the Base Project. At the same time, the company plans to sign an "Internal Cooperation Agreement" with the related parties, and the company's corresponding share of the project intends to invest no more than 31.52 million yuan. 2. According to the "Investment Agreement" signed with the Xi'an High-tech Zone Management Committee, the company plans to establish a new subsidiary in Xi'an as the implementation entity of the Base Project. 3. Authorize the company and the project company management to sign relevant documents such as "Investment Agreement", "Internal Cooperation Agreement", and construction agreements within the investment amount, and carry out related work such as the establishment of the project implementation entity, bidding for land, and project construction.
Both parties are willing to jointly invest in the Guangzhou Digital Technology Group Xi'an Industrial Base project in the Xi'an High-tech Zone, which mainly includes research and development bases, production plants, and other supporting facilities. The plan is to create four functional sectors: AI and digital economy, civil-military integration, inspection, testing and certification, and information creation. The total investment is expected to be no less than 1.2 billion yuan, of which the fixed asset investment is expected to be no less than 1.1314 billion yuan.
