Why did the subsidiary increase the factory construction budget?

Due to land area adjustments aligned with local government planning, requiring redesign and cost re-estimation.

What is the new construction budget amount?

Revised to RMB 346 million, nearly double the original RMB 177 million.

Will this budget change affect Chih Cheng's finances?

The company states there will be no impact on financial or business operations.

Where is the factory being constructed?

At the new site in Suzhou, Jiangsu Province, China, operated by the subsidiary.

When was this budget change approved?

Approved by the board on June 26, 2026, and announced the next day.

Subsidiary Announces Increased Factory Construction Budget in Suzhou to RMB 346 Million

Published Jun 27, 2026 9:00 AM ・ Updated Jun 27, 2026 2:55 PM ・ 3 min read ・ Source: PR Times

Chih Cheng'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, due to land area adjustments aligned with local government planning.

Release Date: June 27, 2026 Statement Date: June 26, 2026 Statement Time: 15:40:15 Company Code: 2467 Company Name: Chih Cheng

Subject: Announcement on behalf of subsidiary Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd. regarding the board resolution approving an increased factory construction budget.

Applicable Clause: Clause 15 Factual Date: June 26, 2026

Details: 1. Factual Date: 06/26/2026 2. Original Announcement Date: 12/19/2025 3. Summary of Original Announcement: Factory construction budget proposal for subsidiary Suzhou Chuangfeng Optoelectronic Intelligent Technology Co., Ltd., approximately RMB 177 million. 4. Reason for Change and Main Content: Due to alignment with local government planning, the land plot area has been adjusted. After redesign 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: 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. The acquisition of the newly planned land and the revised budget were approved by the board on June 26, 2026.

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Source: PR Times
Category: News

Subsidiary Announces Increased Factory Construction Budget in Suzhou to RMB 346 Million

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