Weidu Technology announced that the company has previously begun construction of the Shanghai headquarters base project. This time, it plans to invest 1 billion yuan to build the second phase of the Shanghai headquarters base project, including land concessions, plant construction and equipment purchase costs. The matter has been reviewed and approved by the 7th meeting of the 3rd board of directors. The project is currently in the process of applying for admission. In the future, it will participate in the land use rights tender and process the relevant approval or filing.

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