On January 14, Glonghui announced that Huasu Technology (301157.SZ) has reported on the progress of the company's participation in the land use rights auction. The company recently won the land use rights of the Shangzhenggongchut [2024] No. 1 (Xiangfu East Unit GS0801-M1-10 plot, bounded by Zhejiang Shunzhou Electrical Utilities High Technology Co., Ltd. to the east; Shangyuan Middle Road to the south; Dayangba Road to the west; Shangyuan North Road to the north) for 12.9 million yuan and has signed the "Transaction Confirmation" and the "State-Owned Construction Land Use Rights Grant Contract" (Contract No.: 3301002024A21082).

On January 13, 2025, the company obtained the "Real Estate Property Certificate." This certificate acquisition is intended for the construction of the company's headquarters R&D and intelligent manufacturing base, which is beneficial in reserving sufficient industrial space for the company's future development, enhancing the company's core competitiveness and industry influence.