[China Instrument Network Instrument Enterprise] Recently, Gold Card Smart wholly-owned subsidiary Hangzhou Gold Card Intelligent System Co., Ltd. (hereinafter referred to as Hangzhou Gold Card) and the Hangzhou Economic and Technological Development Zone Management Committee signed the “Gold Card Intelligent System Capital Increase and Production Expansion Project†Investment Agreement, with a total investment of 210 million yuan.
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Through the agreement Hangzhou Economic Development Zone Management Committee agreed that Hangzhou Gold Card will increase investment in the Hangzhou Economic and Technological Development Zone and operate the Hangzhou Gold Card Capital Increase and Production Expansion Project to further enhance the comprehensive strength of the Internet of Things industry in the Development Zone.
Hangzhou Gold Card promised to expand production and expand production in Hangzhou Economic Development Zone, and set up two new companies, Tianxin Ultrasound and Jinka Yataike. Among them, Hangzhou Gold Card newly added a registered capital of RMB 100 million in 2017 and RMB 50 million during the year of 2017 (on the basis of land supply for the project). The remaining portion of the newly added registered capital will be completed within 2018; Tianxin Ultrasound and Jinka Yataike The registered capital of the two companies is 10 million yuan each and will be completed within 2017.
The contents of the Hangzhou Jinka Capital Increase Project include, but are not limited to, the wireless smart gas meter production base project (production of new wireless Internet of Things gas meter), smart gas ultrasonic flow meter, and intelligent ultrasonic water meter base (production of intelligent gas ultrasonic flow for natural gas metering Taking into account the intelligent ultrasonic water meter) and the cloud division (developing the gas company's overall solution and customer service platform).
The signing of the "Investment Agreement" is in line with the overall strategic development layout of the company. It can proactively grasp the opportunities for rapid growth of the NB-IoT smart gas meter, smart gas ultrasonic flow meter, and intelligent ultrasonic water meter, and increase the company's production capacity. The competitive advantage of the company and the enrichment of the company's product series will have a positive impact on the company's operating performance after the project has reached full production, resulting in good economic and social benefits.
(Original title: Gold Card signed a project agreement with a total investment of 210 million yuan)
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