​Lianteng Group Holds Foundation Laying Ceremony for Its Second Phase Project

Lianteng Group (the “Group” ), a leading provider of integrated solutions for smart city development and urban renewal in China, held a foundation laying ceremony for its second phase project on May 6, 2023. Many parts consisting of business partners, senior management, and the head of the subsidiary attended this ceremony.

The second phase project is located in the Yuancheng District of Heyuan City, Guangdong Province, covering an area of about 50,000 square meters. The project is to receive an estimated investment of 150 million yuan, resulting in the construction of standardized and modernized factories, and the introduction of fully automated production lines. The project will focus on developing and producing core technologies and products for smart city applications, such as smart transportation, education, security, environment, and governance. The project will also showcase the Group’s achievements and capabilities in smart city development and urban renewal.

The second phase project is estimated to be completed and put into operation by the end of May 2024. After completion, the project will enhance the Group's research and development strength, production capacity, and market competitiveness. The project will also create thousands of jobs and contribute to the local economic and social development.

Mr. He Shiguro, the director of Lianteng Group Limited, said at the ceremony: “We are very pleased to start to build our second phase project today. This project is a milestone for our Group's strategic development and a testament to our commitment to innovation and excellence. We believe that the project will enable us to provide better products and services to our customers and partners and to play a more active role in promoting smart city development and urban renewal in China and beyond.”

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