According to the disclosure, the project name is Sunlord new electronic components and precision ceramics project, will be engaged in research and development, production, sales of electronic transformers, new chip inductors, precision ceramic products, etc. The total investment of 4500000000 yuan, The project is located in Phoenix Technology Industrial Park, Tangxia Town, Dongguan City, with a total land area of 120,130.8 square meters, equivalent to about 180 mu (the actual transfer shall prevail). The first phase of investment is 2.3 billion yuan, the second phase of investment is 2.2 billion yuan. .
Sunlord Electronics announced that the company intends to sign investment intention agreement, the construction investment in the project, the main purpose is to promote the company's industrial upgrading and further enhance its core competitiveness, to ensure the smooth implementation of the company's development strategy will be conducive to play a comprehensive business company Advantages, and effectively improve the company's new electronic components and precision ceramic project construction and operation capabilities, in line with the company's development strategy and the interests of all shareholders.
Prior to this, on Nov. 28, Sunlord Electronics Co., Ltd. had signed the "Framework Agreement on Strategic Cooperation with People's Government of Songjiang District of Shanghai and Shenzhen Sunlord Electronics Co., Ltd." which was signed by Songjiang District People's Government of Shanghai Municipality. It is proposed that in the next 10 years, Invest 10 billion yuan to build the headquarters of the Asia Pacific region and advanced manufacturing base to build a new highland in the automotive electronics, fine ceramics, 5G communications and advanced manufacturing of the Internet of Things in the Yangtze River Delta.
On the whole, the current multiple cooperation projects of Sunlord Electronics are all aimed at enhancing the Company's business development and the core competitiveness of the Company's core businesses while accelerating the deployment of precision ceramics, automotive electronics, 5G and Internet of Things Optimize the industrial structure, enhance the company's overall competitiveness, and promote long-term sustainable development of the company.