China Supply Chain (3708) published a voluntary announcement regarding an ongoing negotiation for a proposed lease agreement with Shenzhen Huaqiang Cloud Industrial Park Management Co., Ltd. The premises are located in Huaqiang Cloud Industrial Park, Shenzhen.
The company outlined plans to establish a head office in Mainland China if the proposed lease materializes. The intended functions of the premises include centralized supply chain management, an incubation hub for strategic projects, and a core research and development center.
Management believes consolidating these operations in Shenzhen, known as a technology and innovation hub, would strengthen market position and foster enhanced collaboration. The company advised shareholders and potential investors to exercise caution when dealing in its securities.