100 Million RMB Being Spent! HICS Setup HiStone New Headquarters In "Wisdom Valley" of Qingdao

On the afternoon of 11 January, Qingdao Hisense Intelligent Commercial System Co., Ltd. (hereinafter referred to as “HICS”) and Qingdao Weiyi Investment Group (hereinafter referred to as “Weiyi Investment”) successfully held a signing ceremony for the establishment of the HiStone headquarters in Wisdom Valley in Laoshan District.


This marked the official launch of HICS's investment of 100 million RMB to purchase Building 2 of Wisdom Valley as the company's new headquarters and production base. Leaders such as Guan Dongyu, Chairman of HICS, Su Yutao, General Manager of HICS and He Jinglu, Chairman of Weiyi Investment, attended the ceremony.


This signing received firm support and attention from the local government. Many leaders attended the ceremony, including leaders from Laoshan District Standing Committee, Deputy District Mayor Liu Dachuan, Beizhai Sub-district office representative, District Industry and Information Technology Bureau representative, District Building Economic Development Center representative.


This marked the official launch of HICS's investment of 100 million RMB to purchase Building 2 of Wisdom Valley as the company's new headquarters and production base.

At the beginning of the meeting, the two sides conducted in-depth discussions and exchanges on the construction of the "Wisdom Valley" project and government policy requirements, which resulted in consensus on a number of the details of project cooperation. Witnessed by the leaders and guests at the meeting, the two parties formally signed a contract. Chairman of Weiyi Investment, He Jinglu, presented a "Golden Key" to Guan Dongyu, Chairman of HICS, representing that the two parties will work together to seek new business opportunities and create a win-win situation together.


After the ceremony, the leaders and guests viewed the infrastructure of Wisdom Valley and took a group photo together. It is understood that the land property rights of the project are clear, and the documents and certificates are in place. At present, the necessary inspection has been completed, with the road paving and landscaping also completed. The final inspection and acceptance will be carried out in February 2021.


Since March 2020, HICS has visited several industrial parks in Qingdao. After several rounds of field visits and negotiations, it was finally decided to purchase Building 2 of Wisdom Valley, located at No. 8 Shengshui Road, Laoshan District, as the new headquarters and production base for the future. This milestone was a major strategic investment decision. It is an inevitable requirement for the full launch and rapid growth of its new brand HiStone in accordance with the company's recent transformation and development after more than 30 years of accumulated experience and more substantial core competence in the era of diversified business.


Inspire Substantial Development Momentum Into the New Brand HiStone


Wisdom Valley is located in the scenic Laoshan District Science and Technology Industrial Park, where all the high-tech enterprises are gathered. It is adjacent to the Hai Yang University of China. The location, transportation and environmental advantages complement HiStone's hi-tech, youthful, stylish and trendy brand image. It also meets the needs of customers when visiting our factory for audits and other business discussions. Focusing on the new brand development strategy, HICS will take advantage of the region's geographical location and excellent environment to seize new talent in the competitive market and inspire substantial development momentum into the new brand HiStone.


This milestone was a major strategic investment decision. It is an inevitable requirement for the full launch and rapid growth of its new brand HiStone in accordance with the company's recent transformation and development after more than 30 years of accumulated experience and more substantial core competence in the era of diversified business.

Build a 4-in-1 Collaborative Platform Of "Production, Sales, Research and Operation"


Building 2 of Wisdom Valley is a five-story standalone building. The building faces south, with a total construction area of about 8,370 square meters. This will meet the office needs of HICS, integrating production, operation, sales and R & D, effectively solving the problem of multiple offices and resources dispersed in various locations, giving HICS a higher degree of integration and sharing of company resources.


Based on the new goal of achieving an annual production capacity of 100,000 units, this move will support HICS's long-term business strategic goals and business development needs. It will significantly strengthen the effective coordination of internal departments, improve business operation efficiency, customer responsiveness, and better use of technical knowledge and talents to create more value for customers.


Writing a New Chapter in Government-Enterprise Cooperation


In recent years, the Laoshan District government has continuously optimized the business environment, doing everything to create better conditions for corporate development, attracting industry leaders such as HICS to establish themselves in the region. As a leading provider of commercial technology solutions in the industry, HICS will work with the Laoshan District government to carry out in-depth cooperation. These unique advantages will enable the company to promote the development of the regional smart technology industry, create more significant economic and social benefits for society, and write a new chapter in government-enterprise cooperation.


Based on the new goal of achieving an annual production capacity of 100,000 units, this move will support HICS's long-term business strategic goals and business development needs.

With this foundation being built, HICS will use its new location as an opportunity to grow the HiStone brand. It will continue to invest more resources to build a solid key competence and achieve tremendous development of more amazing products and services for a beautiful and brighter future.