Universal Scientific Industrial(Shanghai)Co.Ltd(601231) : the business of Shenzhen subsidiary of the company has been gradually transferred to Huizhou subsidiary

After AI express, investors ask questions on the investor interaction platform: the urban renewal unit plan of Universal Scientific Industrial(Shanghai)Co.Ltd(601231) Park, Xili street, Nanshan District announced by the company at the end of 2019 has exceeded the validity period. How to deal with it in the future? Will the project be stopped?

Universal Scientific Industrial(Shanghai)Co.Ltd(601231) ( Universal Scientific Industrial(Shanghai)Co.Ltd(601231) . SH) said on the investor interaction platform on April 17 that the business of the company’s Shenzhen subsidiary has begun to be gradually transferred to Huizhou subsidiary. The progress of the urban renewal project of Universal Scientific Industrial(Shanghai)Co.Ltd(601231) park is normal, and the project submission for approval and pre-stage planning and design are performed in accordance with the provisions of relevant local government departments.

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