DTECH (01377.HK): To Invest RMB 700 Million in Advanced New Materials Manufacturing Base, Potential Discloseable Transaction
- Overall investment intensity will be no less than RMB 11.11 million per mu and fixed asset investment intensity no less than RMB 8.88 million per mu; from the second full financial year after commencement of production, annual gross industrial output value will be no less than RMB 14.25 million per mu.
- The highest applicable percentage ratio for the project site acquisition is expected to exceed 5% but be below 25%, subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules but exempt from the circular and shareholders' approval requirements.
- With a two-year assessment cycle, average annual fiscal contribution will be no less than RMB 1 million per mu, with the assessment period covering 10 full financial years from the second full financial year after commencement of production.
NewTimeSpace (newtimespace.com) News: On 15 September 2026, Guangdong Dtech Technology Co., Ltd. (stock code: 01377) announced that its wholly-owned subsidiary Dongguan Dingtaixin Electronics Co., Ltd. will enter into an investment agreement with the People's Government of Houjie Town, Dongguan, to invest in and build the Dingtaixin Advanced New Materials Manufacturing Base Project in Houjie Town, Dongguan, Guangdong Province, with a total investment of RMB 700 million, including RMB 560 million of fixed asset investment.
The project will engage in the research, development and production of non-woven abrasive brushes, ceramic abrasive brushes, brush wheels, functional film products and glass coating. To implement the project, Dingtaixin will enter into a land grant contract with the Dongguan Natural Resources Bureau to acquire the right to use the project site in the TOD area of Houjie Town, Dongguan, with a total site area of approximately 42,666.24 square metres, land use classified as Class I industrial land, a floor area ratio of not less than 2.7 and a grant term of 50 years.
As the highest applicable percentage ratio for the project site acquisition is expected to exceed 5% but be below 25%, it may constitute a potential discloseable transaction, subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules but exempt from the circular and shareholders' approval requirements. The land grant contract has not yet been formally signed, and the Company will make further announcements in due course. The project site acquisition will be funded by the Group's own and/or self-raised funds.
The Company is an integrated precision manufacturing solutions provider with a product portfolio covering four categories: precision cutting tools, grinding and polishing materials, functional film materials and intelligent CNC equipment. The Board considers that the project will expand the Group's capacity in high-end electronic materials and create synergies with its existing PCB precision cutting tool business.
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