Huayang Group announced that the company intends to sign the "Changxing Economic and Technological Development Zone Investment Agreement" with the Management Committee of Changxing Economic and Technological Development Zone. The investment project is named "Automobile Lightweight Precision Die Casting Parts Project", with an expected total fixed asset investment (including land) of approximately 1 billion yuan. The company will also invest in establishing a subsidiary in the Changxing Economic and Technological Development Zone to be responsible for project investment, construction, and operation, with a registered capital of approximately 200 million yuan.
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