Shengbang Security's wholly owned subsidiary, Xi'an Shengbang Xingtong Technology, has won the right to use a parcel of state-owned construction land in Xi'an, Shaanxi Province, for 26.16 million yuan. The plot covers 9,999.9 square meters, or about 15 mu, and will be used to build an intelligent communication security R&D and manufacturing base. The project plans to invest a total of approximately 249 million yuan over five years, including 199 million yuan in fixed assets. The company stated that acquiring the land use rights provides a guarantee for project construction and supports long-term steady development.
WEBRAY ORD A (SHH) EQSW Exp:Subsidiary wins land for R&D base, supporting long-term growth.
Won land use rights for project construction.