Koss Technology: Signed a 230 million yuan construction project contract
Kos Technology announced that its wholly-owned subsidiary, Nanjing Sixin Intelligent Technology Co., Ltd., has signed a "Construction Engineering Construction Contract" with Jiangsu Tianli Construction Group Co., Ltd. The contract involves the company's initial public offering of shares to raise funds for the "Electronic Information Equipment Production Base Construction Project", with a total contract amount of RMB 230 million (tentative estimate) and a planned construction period of 540 days from the start date. The contract aims to promote the construction of the company's fundraising project "Electronic Information Equipment Project". After completion, the company will have various workshops and comprehensive office buildings and other facilities required for production, realize the intelligent and automated production of electronic information equipment, meet the company's future sales needs, and improve order response capabilities and product quality stability.