Zhitong Finance App News, Zhengtong Auto (01728) announced that on April 16, 2024, the company and Shandong Cinda signed a 2024 project entrustment agreement. According to this, Shandong Cinda will provide and install smart technology and weak current systems for the Group to upgrade and transform a number of facilities. The total cost should not exceed RMB 9 million.
According to the announcement, the Group is currently upgrading and renovating several facilities. This process requires the installation of intelligent technology and weak current systems. The Group plans to further upgrade and renovate a number of facilities and carry out other intelligent weak electricity projects for the year ending December 31, 2024. Shandong Cinda has rich experience and expertise in this area, and can also provide high-quality technical support and engineering design services. Furthermore, Shandong Cinda has established a good cooperative relationship with the Group through past transactions with the Group.