On the evening of July 8th, Oppein issued an announcement stating that in order to meet the needs of the company' s future business development, Oppein Home Furnishing Group Co., Ltd. (hereinafter referred to as "Oppein") and the Caidian District People' s Government of Wuhan City signed a contract Project Investment Agreement on July 8th.  

The company plans to invest in the construction of the "Oppein Group Central China Intelligent Manufacturing Base" in Caidian District, Wuhan. 

The total investment of the project is 5 billion yuan, and the source of funds is the company' s self-raised.

Oppein said that on the basis of the existing four bases in the south (Qingyuan, Guangzhou), Tianjin, Wuxi, and Chengdu, the company has invested in the establishment of the “Oppein Group Central China Intelligent Manufacturing Base”. The new capacity plan will satisfy the future of the company' s order size growth needs to complete the strategic layout of the production base in the southeast and northwest.

After the project is put into production, the company will be able to more timely and effectively meet the order requirements of major regional sales markets in the country in the future, reduce long-distance logistics and transportation costs and reduce product loss rates, and improve the price competitiveness of the company's products and customer satisfaction, to further enhance the company's core competitiveness.