On March 3, Millennium Boat New Material Technology Group Co., Ltd., referred to as "Millennium Boat," announced that its wholly owned subsidiary Shandong Millennium Boat Intelligent Technology Co., Ltd. plans to sign a Project Investment Agreement with the People's Government of Tanyi Town, Linyi. The company plans to invest in the construction of an intelligent technology home furnishing industrial park, mainly including supporting facilities such as office buildings, an R&D center, staff apartments, and modern production workshops. The project is planned to use about 200 mu of land, with a total investment of approximately RMB 420 million.

Millennium Boat stated that investing in the construction of this industrial park is intended to further expand scale and increase capacity. It is of important strategic significance to the company's business development, is in line with the company's strategic development direction and the interests of all shareholders, and will have a positive impact on the company's future sustainable development.

Source: Internet