Chih Sheng Announces Increased Factory Construction Budget for Subsidiary Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd.
Key facts
- Chih Sheng Announces Increased Factory Construction Budget for Subsidiary Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd.
- Chih Sheng's subsidiary, Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd., has announced an increase in its factory construction budget from RMB 177 million to RMB 346 million, following land area adjustments in accordance with local government planning. The resolution was passed on June 26, 2026.
- Source: PR Times
- Date: June 26, 2026
Direct answer
Chih Sheng's subsidiary, Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd., has announced an increase in its factory construction budget from RMB 177 million to RMB 346 million, following land area adjustments in accordance with local government planning. The resolution was passed on June 26, 2026.
- Citation
- Chih Sheng Announces Increased Factory Construction Budget for Subsidiary Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd. (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
Chih Sheng's subsidiary, Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd., has announced an increase in its factory construction budget from RMB 177 million to RMB 346 million, following land area adjustments in accordance with local government planning. The resolution was passed on June 26, 2026.
📋 Article Processing Timeline
- 📰 Published: June 26, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 17:38 (37 min after Collected)
1. Factual Date: 2026/06/26
2. Original Announcement Date: 2025/12/19
3. Summary of Original Announcement: Factory construction budget proposal for subsidiary Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd., approximately RMB 177 million.
4. Reasons for Change and Main Content: Due to compliance with local government planning, the land plot area has been adjusted. After re-planning and engineering cost estimation, the factory construction budget has been revised from RMB 177 million to RMB 346 million.
5. Impact on Company's Financial and Business Operations after Change: None.
6. Other Matters to be Disclosed:
(1) This announcement updates the material information previously disclosed on December 19, 2025.
(2) The land originally planned for acquisition by Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd. was approved by the board on December 19, 2025. On June 26, 2026, the board approved the acquisition of the newly planned land and the revised budget.
2. Original Announcement Date: 2025/12/19
3. Summary of Original Announcement: Factory construction budget proposal for subsidiary Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd., approximately RMB 177 million.
4. Reasons for Change and Main Content: Due to compliance with local government planning, the land plot area has been adjusted. After re-planning and engineering cost estimation, the factory construction budget has been revised from RMB 177 million to RMB 346 million.
5. Impact on Company's Financial and Business Operations after Change: None.
6. Other Matters to be Disclosed:
(1) This announcement updates the material information previously disclosed on December 19, 2025.
(2) The land originally planned for acquisition by Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd. was approved by the board on December 19, 2025. On June 26, 2026, the board approved the acquisition of the newly planned land and the revised budget.
FAQ
Why was the construction plan for Suzhou Chuangfeng Optoelectronic changed?
The land area was adjusted to comply with local government planning, leading to a revised budget after re-estimation.
Will the budget increase affect Chih Sheng's finances?
According to the announcement, the change will have no impact on the company's financial or business operations.
When was the new land acquisition approved?
The acquisition of the newly planned land and budget was approved on June 26, 2026.