News summary
China Tongfu (01763pennfathom3.HK) signed a capital contribution cooperation agreementpennfathom3, participating in the CNNC Xiongan Science and Technology Park project, with an estimated total investment of 90 million yuan, aims to deploy the irradiation application industry in Xiongan New Area and obtain policy support to promote development.
Newsletter text
[China Tongfu plans to invest 90 million yuan in the Xiongan Science and Technology Park project] On May 25, China Tongfu, a Hong Kong-listed company,(01763pennfathom3.HK) disclosed that it has signed investment cooperation agreements with a number of CNNC companies to jointly participate in CNNC Xiongan Science and Technology Parkpennfathom3development.
[CNNC Science and Technology Park plans to build Xiongan Headquarters] The project is expected to be settled in Xiongan New District in Tianjin City, aiming to build a scientific and technological innovation center, international exchange center and high-end service center, and further develop the irradiation application industry.
[The project will be allocated 5000 square meters of scientific research office and supporting residential space] The completed science and technology park will serve as the Xiongan headquarters of CNNC. China Tongfu is expected to obtain 4000 square meters of scientific research office space and 1000 square meters of supporting residential space in the project.
[Strategic emerging industry policy support provides impetus for the development of irradiation application industries] Xiongan New Area, as a development area of strategic emerging industrial clusters, has issued corresponding support policies. China Tongfu's layout of Xiongan New Area will help attract professional talents and promote the company's talent team construction and industrial development.