[U-Long] Announcement by Subsidiary Zhejiang Yuzuan Precision Components Co., Ltd. Regarding Construction Contract for Phase 1 of New Factory Building Project
U-Long's subsidiary, Zhejiang Yuzuan Precision Components Co., Ltd., is constructing a new factory and has signed a Phase 1 engineering contract totaling RMB 39.2 million. This expansion aims to meet future operational development and production capacity needs.
📋 Article Processing Timeline
- 📰 Published: April 20, 2026 at 09:00
- 🔍 Collected: April 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 21, 2026 at 08:32 (32 min after Collected)
1. Contract Type: Self-funded Construction Contract
2. Date of Factual Occurrence: 115/4/20 ~ 115/4/20
3. Board Approval Date: January 21, 115
4. Other Approval Dates: Not applicable
5. Contracting Party and Relationship with the Company:
Contracting Party: Zhejiang Zhongnan Construction Group Co., Ltd., not a related party.
6. Major Contract Contents (including total contract amount, estimated investment amount, and contract period), restrictive clauses, and other important agreements:
Phase 1 Engineering Contract, with a total contract amount of RMB 39,200,000.
Restrictive clauses and other important agreements: None.
7. Name of Professional Appraisal Firm or Company and its appraisal result:
Not applicable
8. Name of Real Estate Appraiser:
Not applicable
9. Real Estate Appraiser's License Number:
Not applicable
10. Specific purpose of acquisition:
To cope with future operational development plans and capacity needs.
11. Opinion of dissenting directors on this transaction:
None
12. Is this transaction a related party transaction? No
13. Date of approval by supervisor or audit committee:
January 21, 115
14. Is the appraisal report a limited price, specific price, or special price? No or not applicable
15. Have you obtained the appraisal report yet? No or not applicable
16. Reason for not obtaining the appraisal report:
Not applicable
17. When appraisal results have significant differences, reasons for the differences and accountant's opinion:
Not applicable
18. Name of accounting firm:
Not applicable
19. Name of accountant:
Not applicable
20. Accountant's license number:
Not applicable
21. Date of previous announcement of material information on the same event:
January 21, 115
22. Other descriptions:
On January 21, 115, the board of directors approved that subsidiary Zhejiang Yuzuan Precision Components Co., Ltd. intends to build a new factory through self-funded construction within RMB 230,000,000.
2. Date of Factual Occurrence: 115/4/20 ~ 115/4/20
3. Board Approval Date: January 21, 115
4. Other Approval Dates: Not applicable
5. Contracting Party and Relationship with the Company:
Contracting Party: Zhejiang Zhongnan Construction Group Co., Ltd., not a related party.
6. Major Contract Contents (including total contract amount, estimated investment amount, and contract period), restrictive clauses, and other important agreements:
Phase 1 Engineering Contract, with a total contract amount of RMB 39,200,000.
Restrictive clauses and other important agreements: None.
7. Name of Professional Appraisal Firm or Company and its appraisal result:
Not applicable
8. Name of Real Estate Appraiser:
Not applicable
9. Real Estate Appraiser's License Number:
Not applicable
10. Specific purpose of acquisition:
To cope with future operational development plans and capacity needs.
11. Opinion of dissenting directors on this transaction:
None
12. Is this transaction a related party transaction? No
13. Date of approval by supervisor or audit committee:
January 21, 115
14. Is the appraisal report a limited price, specific price, or special price? No or not applicable
15. Have you obtained the appraisal report yet? No or not applicable
16. Reason for not obtaining the appraisal report:
Not applicable
17. When appraisal results have significant differences, reasons for the differences and accountant's opinion:
Not applicable
18. Name of accounting firm:
Not applicable
19. Name of accountant:
Not applicable
20. Accountant's license number:
Not applicable
21. Date of previous announcement of material information on the same event:
January 21, 115
22. Other descriptions:
On January 21, 115, the board of directors approved that subsidiary Zhejiang Yuzuan Precision Components Co., Ltd. intends to build a new factory through self-funded construction within RMB 230,000,000.