Wuxi Zhenhua announced that the company's wholly-owned subsidiary, Zhengzhou Zhenhua Junrun Auto Parts Co., Ltd., previously disclosed that it plans to purchase land use rights in the Zhengzhou Economic Development Zone and invest in the construction of the Zhengzhou Zhenhua Phase III project, which mainly focuses on the vehicle body assembly welding business. Recently, Zhengzhou Junrun has obtained the “Investment Project Filing Certificate” issued by the Economic Development Bureau of the Zhengzhou Economic and Technological Development Zone. The name of the project is the Zhengzhou Zhenhua Junrun Phase III capacity expansion project. The construction includes the construction of a new production workshop of about 90,000 square meters and the investment of 4 welding lines for automobile body parts, with a total investment of 550 million yuan. As of the date of disclosure of the announcement, the Zhengzhou Zhenhua Phase III project had not obtained land use rights.

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