JCT(SH:603657) Zhi Tong Cai Jing·2025-08-20 14:36Core Viewpoint - The company, Spring Technology (603657), has experienced a significant stock price fluctuation, with a cumulative closing price deviation exceeding 20% over three consecutive trading days from August 18 to August 20, 2025, indicating abnormal trading activity [1] Company Summary - The company's wholly-owned subsidiary, Suzhou Shangteng Technology Manufacturing Co., Ltd., plans to acquire land use rights in Suzhou's Wuzhong District through a bidding process [1] - Following the acquisition, the company intends to invest in a new project aimed at producing 8 million clean electrical appliances annually, with a total investment not exceeding RMB 1 billion [1] - The investment scale and other project details are preliminary estimates and carry inherent uncertainties [1]