Invec announced that the company plans to participate in the auction to sell the right to use state-owned construction land located on plot A923-908, Guanlan Street, Longhua District, Shenzhen, and invest no less than 1 billion yuan to build a precision temperature control and energy-saving equipment R&D center and production base project by listing. The plot has a land area of 18119.52 square meters, a construction area of 8,2080 square meters, a starting listing price of 24 million yuan, and a bid deposit of 4.9 million yuan. The implementing entity of the project is the company, and the sources of funding include own funds, self-financing, etc. The amount of investment in project construction is large, and there is a risk that project construction progress or realized benefits will not meet expectations due to untimely capital investment.

Invec announced that the company plans to participate in the auction to acquire the right to use state-owned construction land on plot A923-908, Guanlan Street, Longhua District, Shenzhen, and invest no less than 1 billion yuan to build a precision temperature-control and energy-saving equipment R&D center and production base project by listing. The plot has a land area of 18119.52 square meters, a construction area of 8,2080 square meters, a starting listing price of 24 million yuan, and a bid deposit of 4.9 million yuan. The implementing entity of the project is the company, and the sources of funding include own funds, self-financing, etc. The amount of investment in project construction is large, and there is a risk that project construction progress or realized benefits will not meet expectations due to untimely capital investment.