Shuhua Sports (605299.SH) plans to invest no more than 500 million yuan to build the Shuhua Health Industrial Park project

Zhitong Finance App News, Shuhua Sports (605299.SH) issued an announcement. In order to meet the needs of future development plans, further optimize the company's resource allocation and promote the company's steady and sustainable development, the company obtained the right to use state-owned construction land for plot G2023-3 in the central area of Chidian Town, Jinjiang City by participating in the auction, and plans to invest in the construction of the Shuhua Health Industrial Park project after obtaining the above use rights. The total investment of the project is estimated to be no more than 500 million yuan (including land concessions).

The project is located in the central area of Chidian Town, Jinjiang City, and is committed to building a modern comprehensive industrial park with “health technology” as the core. The park integrates the company headquarters settlement center, science and technology research and development center, national fitness demonstration practice base, health service training base and headquarters office. The aim is to build a complete health industry ecosystem integrating management and operation, technological innovation, experiential demonstration and professional training, and simultaneously build complete supporting facilities.

The company plans to invest in this project. The core is to meet future development plans, help optimize resource allocation, achieve steady and sustainable development, and meet the interests of the company and all shareholders. After completion, the project will become the company's strategic base, which will not only help improve the overall operating environment and meet the needs of modern, informatization and digital operation management, but also enhance comprehensive management capabilities and brand image, attract high-end talents to join, and provide a solid guarantee for business operations, thereby enhancing market competitiveness.