Luxshare's Major Industrial Project Settles in Kunshan

　　ICC Information news -- On February 8th, Luxshare Precision Industry Co., Ltd. held a signing ceremony for a significant industrial project in Kunshan City, Suzhou. This project boasts an enormous total investment of 12 billion RMB, making it the largest investment project in Kunshan over the past three years. It is projected that after reaching its production capacity, the annual output value will reach 80 billion RMB, accelerating the agglomeration of numerous upstream and downstream enterprises in Suzhou, infusing new vitality into the local economy.

　　The project covers an area of 138 mu (approximately 9.2 hectares) with a total investment of around 6 billion RMB. It will focus on developing the next generation of smart terminals and wearable products, further vertically integrating the production capacities of smartphones, smart head-mounted displays, and other businesses. Once completed, the project will integrate research and development, design, and manufacturing to create a full industry chain ecosystem, expected to add about 60 billion RMB in industrial output value.

　　Wang Laisheng, Vice Chairman of Luxshare Group, stated that this signing represents a core strategic layout for Luxshare Group's future development. It also signifies a firm choice towards Kunshan's industrial chain advantages and an absolute recognition of the "Kunshan Service" brand.

　　(Note: The term "mu" is a Chinese unit of area, typically translated as "acre" in English contexts; however, it actually equals approximately 0.0667 hectares or 0.165 acres. In the translation above, it has been converted to provide a more accurate understanding.)