Shenzhen Zhuhe Technology, a wholly owned subsidiary of Bambu Lab, has won the bid for the A609-0275 land parcel in Yutang Subdistrict, Guangming District, for 141.2 million yuan, to build a '3D Printing Smart Manufacturing Headquarters Project.' The project covers a total land area of approximately 83,700 square meters (about 125 mu), with a gross floor area of around 373,000 square meters. It plans to construct high-standard production facilities, supporting office and living spaces, with production facilities accounting for 75.3% of the total area. The project will focus on R&D and production of core 3D printing components, trial production of printing materials, and complete machine manufacturing, with an annual production capacity exceeding 3 million 3D printers. In February this year, Guangming District signed a strategic cooperation framework agreement with Bambu Lab, and the process from signing to land transfer completion took only four months. Once operational, the project is expected to achieve an average annual output value of no less than 4.5 billion yuan and is poised to become one of the world's largest 3D printing manufacturing hubs.