Interpretation of the announcement: Hongli Optoelectronics plans to build an LED production base with RMB 1.5 billion and the market will resume trading on the 19th

On the evening of August 18, Hongli Optoelectronics announced that the company is investing in the construction of an industrial park in the Nanchang Linkong Economic Zone Management Committee Park. The total project investment is expected to be about 1.0-1.5 billion yuan. Construction will start within two months after the land transfer contract comes into effect, the land meets the conditions for starting construction, and all design drawings and plans are completed. All construction, interior decoration and equipment installation will be completed and officially put into production in about a year. After full production is reached, the annual output value will be 1.5 billion yuan within 3 years.