On August 20, 2024, Leadway Tech (02086.HK) announced that the company (through its indirectly wholly-owned subsidiary Longjie Guangdong) has entered into a cooperation agreement with China Telecom. According to the cooperation agreement, the contracting parties agree to collaborate and jointly develop a smart technology project at the location, promoting contactless readers, fintech, and smart living solutions.

The location refers to the land at No. 2 Haining Road, Shatian Town, Dongguan, Guangdong Province, China, along with the two office buildings built on the land.