Xin Lang Cai Jing·2026-01-23 10:44Core Viewpoint - The company plans to establish a new rail transit signal system pilot base project, utilizing raised funds of 85.9676 million yuan, which accounts for 0.83% of the net amount raised from the initial public offering of A-shares [1] Group 1 - The project will be implemented by the wholly-owned subsidiary, Tonghao (Changsha) Rail Transit Control Technology Co., Ltd. [1] - The project is located in Changsha, Hunan, and is expected to be completed and put into operation by April 2027 [1] - The total investment for the project is 85.9676 million yuan, which includes both line and system engineering [1] Group 2 - The project has been approved by the board of directors and is pending review by the shareholders' meeting [1] - Upon completion, the project is expected to enhance the company's innovation and product quality advantages [1]