Gelonghui, December 16, 丨 Zhonghui Electronics (300327.SZ) announced that it plans to purchase 20 acres of land in the Hefei High-tech Zone to set up a wholly-owned subsidiary, and estimates that it will use its own capital to invest RMB 0.45 billion to build the company's second headquarters on this site. As of the announcement date, the physical construction work for the Hefei Second Headquarters project has essentially been completed. According to financial calibration-related data estimates (unaudited), up to now, the amount paid for the project is approximately RMB 0.44 billion (including land purchase of RMB 64.6 million and contract tax of RMB 1.938 million), and the payment progress accounts for 97.78% of the investment amount of RMB 0.45 billion previously reviewed by the project.

When the company proposed an estimate of the investment amount in April 2019, the land had not yet been obtained, and the actual design plan had not yet been carried out, making it difficult to accurately estimate. During the construction of the Hefei Second Headquarters project, the construction plan was designed and planned. The building design standards were raised, the building construction standards were raised, and the construction cycle was extended compared to the plan. The actual construction work of the project entity has now been completed. According to the design estimate, the additional investment is approximately RMB 0.12 billion (including land purchase). The funding source is own funds.