First Pharmaceutical Holdings announced that the company previously planned to use no more than 787 million yuan of its own and self-funded capital to build the new drug R&D and industrialization base of Shouyao Holdings. Recently, the company officially signed a “General Construction Contract” with Hangxiao Steel Construction Co., Ltd., which will contract the construction project. The contract amount is RMB 389 million, and the contract period is 882 calendar days.

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