Core Viewpoint - Baobao Long Technology (01861.HK) has signed a construction agreement for the renovation and construction of a production facility, indicating a strategic move to expand its OBM business in response to optimistic market conditions in the domestic personal care products sector [1]. Group 1: Construction Agreement Details - The construction agreement involves a total contract amount of RMB 34.8 million for the construction and renovation services provided by the contractor [1]. - The production facility is located at No. 628, Jufeng North Road, Aotou Town, Conghua District, Guangzhou, Guangdong Province, with a total construction area of approximately 26,816.95 square meters [1]. Group 2: Strategic Implications - The agreement aims to enhance and upgrade the production facility, allowing the company to increase production capacity, comply with new environmental regulations, adapt to changing customer preferences, and improve product competitiveness [1]. - The company holds an optimistic view of the growth potential in the domestic personal care products market, which drives the decision to expand and enhance its operations [1].
保宝龙科技(01861.HK)订立建筑协议以提升及升级生产厂房