Zhen Ding-KY Announces RMB 336 Million Factory Engineering Contract by Subsidiary
On May 18, Zhen Ding-KY announced that its subsidiary, Qing Ding Precision Electronics (Huai'an) Co., Ltd., has signed an electrical and mechanical engineering contract with Sun-High Integrated System Group Co., Ltd. The contract is for the interior and power system work for the HB0708 and HB09 factory buildings to meet production and operational needs. The total contract amount is RMB 336,000,000 (excluding tax), with the work scheduled from July to October 2026.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 06:31
- 🔍 Collected: May 19, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 19, 2026 at 06:47 (15 min after Collected)
## Announcement Overview
- Company: Zhen Ding-KY (Code: 4958)
- Subject: Announcement regarding an electrical and mechanical engineering contract awarded by subsidiary Qing Ding Precision Electronics (Huai'an) Co., Ltd.
- Date of Occurrence: May 18, 2026
## Contract Details
1. **Type of Contract**: Commissioned construction on self-owned land
2. **Board Approval Date**: May 18, 2026
3. **Counterparty**: Sun-High Integrated System Group Co., Ltd. (a non-related party)
4. **Main Content of the Contract**:
* Content: Phase 1 interior work for HB0708 & HB09 factories and primary distribution engineering for the power/mechanical room.
* Total Amount: RMB 336,000,000 (excluding tax)
* Contract Period: From July 2026 to October 2026
5. **Specific Purpose of Acquisition**: For production and operational needs
6. **Other Notes**: No directors expressed objections to this transaction.
- Company: Zhen Ding-KY (Code: 4958)
- Subject: Announcement regarding an electrical and mechanical engineering contract awarded by subsidiary Qing Ding Precision Electronics (Huai'an) Co., Ltd.
- Date of Occurrence: May 18, 2026
## Contract Details
1. **Type of Contract**: Commissioned construction on self-owned land
2. **Board Approval Date**: May 18, 2026
3. **Counterparty**: Sun-High Integrated System Group Co., Ltd. (a non-related party)
4. **Main Content of the Contract**:
* Content: Phase 1 interior work for HB0708 & HB09 factories and primary distribution engineering for the power/mechanical room.
* Total Amount: RMB 336,000,000 (excluding tax)
* Contract Period: From July 2026 to October 2026
5. **Specific Purpose of Acquisition**: For production and operational needs
6. **Other Notes**: No directors expressed objections to this transaction.
FAQ
What is Zhen Ding-KY doing in Huai'an City?
Through its subsidiary, it is making a large-scale factory facility investment of 336 million RMB to expand its production capacity.
When will the new factory project in Huai'an be completed?
The construction period is scheduled from July to October 2026, after which it is expected to prepare for operation.
How will this investment affect the economy of Huai'an?
A large investment by a major electronics component manufacturer can potentially contribute to local job creation and stimulate related industries.