CFLD facilitates Nanxun district in attracting leading display industry project with investment of RMB 16 billion

On September 6, the Nanxun district government, China Fortune Land Development Co., Ltd. (CFLD), and Shenzhen Efonlong Optronics Display Co., Ltd. (Efonlong) signed an agreement on an Ultra-thin Glass Substrate Deep Processing Project (Phase I) that has a total investment of RMB 16 billion.

It is the district's first industrial project worth more than 10 billion yuan. A gap in industrial layout in Zhejiang province will be filled when the project is completed.

"It is the first manufacturing base in East China by Efonlong," said the CEO of the company. "We decided to execute the project with Nanxun. On the one hand, we notice overlaying advantages as the Yangtze River Delta Area is seeking coordinated development in the region, as well as strong support from governments on multiple levels, including Huzhou city and Nanxun district; and on the other hand, we welcome the brand effect of CFLD and its offer of professional industrial services, so we have more confidence investing here."

Since the year's start CFLD has facilitated multiple 10 billion yuan-level projects for regional cooperation. On March 27, Lishui district of Nanjing city signed an agreement with CFLD and Sunwoda Electric Vehicle Battery Co., Ltd. Under the partnership, Sunwoda proposes to construct the first power battery production base in East China with a total investment of RMB 12 billion. On May 9, a polarizer project worth RMB 10 billion was signed in Changfeng Industrial New Town in Hefei city with Jin Jiang Group. Upon completion, it will be the world's largest polarizer producer.