On the morning of October 19th 2025, ZONCN Technology successfully signed the project agreement in Pinghu City, Zhejiang Province, China. This not only strengthens the local supply capacity of core components in Pinghu's CNC machine tool industry chain, but also marks a key step in entering the humanoid robot industry track. Zhou Junbo and Chen Zhichao, members of the municipal leading team, responsible persons of relevant municipal departments, and regional leaders including Wang Xuebin, Tu Dongjun and Wan Xilin attended the signing ceremony.

The ZONCN Technology Pinghu Project, invested in and established by Shanghai Zhongchen Electronic Technology Co., Ltd., serves as ZONCN's R&D and production base for key components in the field of humanoid robots. Covering an area of 24.6 mu (approximately 1.64 hectares), the project plans to construct 30,000 square meters of factory buildings, focusing on the R&D and production of core components for key links of humanoid robots such as planetary reducers, harmonic reducers and joint modules.

It is understood that Shanghai Zhongchen Electronic Technology Co., Ltd. was founded in 2006 and successfully listed on the main board in 2023. The company focuses on the R&D, production and sales of AC frequency converters and servo controllers, and is one of the few enterprises in China's frequency converter industry with core independent intellectual property rights. In recent years, the company has been actively expanding and making efforts in key components of humanoid robots and related industries, and has established in-depth cooperative relationships with a number of scientific research institutions and enterprises to further improve and deepen its product layout in the field of industrial automation.