Honglu Steel announced that Anhui Hongxiang Building Materials Co., Ltd., a wholly-owned subsidiary of the company, and China Construction First Bureau Group Construction and Development Co., Ltd., Beijing Baihui Yixiang Science and Trade Co., Ltd., and Anhui Kunzhicheng Steel Structure Co., Ltd., signed the “*** Production Line Project Memorandum”. The total contract price for raw materials was tentatively estimated at RMB 281 million, including a total procurement volume of 55332.29 tons, a total price of RMB 216 million, and a total contract price for steel structure processing and production.

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