Haina intelligent (01645. HK)Announcement, on June 23, 2021, the company andHangzhou Qianjiang Economic Development ZoneThe management committee has concluded a framework agreement on potential investment in a digital factory construction project in accordance with the principles of openness, fairness, complementary advantages and mutual benefit.

The company will establish a new foreign-funded company and a limited liability company in Hangzhou Qianjiang Economic Development Zone to build a digital factory, which will mainly be engaged in the design and production of automatic machines for disposable sanitary products. The Management Committee of Qianjiang Economic Development Zone will provide about 27000 m for the projecttwoAnd provide support to the group during the investment period. The investment of the project is about US $100 million.