On August 15^th, 2022, at the office of Saigon - Bac Giang Industrial Park Joint Stock Company (SBG) - a subsidiary of KinhBac City Development Holding Corporation (KBC), a Memorandum of Understanding was signed on subleasing of 50,5ha of land in Quang Chau Industrial Park, Bac Giang province. Attending the event were Mr. Le Anh Duong - Deputy Provincial Party Secretary, Chairman of the People's Committee of Bac Giang province and the representatives of KBC, SBG and Foxconn Group.

Quang Chau Industrial Park, invested by Saigon - Bac Giang Industrial Park Joint Stock Company - a subsidiary of KBC, is one of the typical industrial parks in Bac Giang province and is always at the forefront of investment promotion and attraction, which has contributed significantly to the economic and social development of Bac Giang province.

Mrs. Nguyen Thi Thu Huong – General Director of KBC, Chairman of SBG’s Board of Directors spoke at the event

Quang Chau Industrial Park is planned to invest and develop according to the model of a modern architectural Complex including: Industrial Park - Urban Area - Utility and Service Area. The scale of two phases (existing and expanding) has a total area of more than 516ha. In which, the existing industrial park of 426 ha has been leased out 100% of industrial land, attracting 41 investment projects including 37 FDI projects and 4 domestic investment projects, with a total investment capital of up to 2.8 billion USD, creating jobs for approximately 67,000 workers. Typical large-scale investment projects of big economic groups can be named such as: Foxconn (with projects of its subsidiary companies such as Fuhong, Fuyu, Fukang), Luxshare-ICT, JA Solar, Siflex, Samkwang, Crystal Martin, Lens etc. The expansion phase with an area of more than 90ha is being implemented, which has attracted many investors who are interested in, survey and register to sublease.

Mr. Chuang, Tzu Yi – General Director of Fuyu Precision Component Company Limited ( a subsidiary company of Foxconn) spoke at the event

Hon Hai Technology Group (Foxconn Group) is one of the world's largest corporations in the fields of electronics, information technology and computers. The Corporation's products are diversified in many fields related to computers, information technology, consumer electronics, auto components, semiconductor equipment and environmental protection technology, etc. At Quang Chau Industrial Park, Chau, Bac Giang province, Foxconn Group is the largest FDI enterprise with investment projects starting from 2019; currently, the total area of leased land has reached 69.82 ha; Foxconn's total registered investment capital reached 773 million USD. The project of Foxconn Group has been making a significant contribution to the development of Quang Chau Industrial Park in particular and the economic and social development in general of Bac Giang province.

Chairman of Provincial People's Committee of Bac Giang province presented flowers to the leaders of SBG and FOXCONN

In 2022, with the plan to continue expanding its investment scale in Bac Giang province, Foxconn Group together with KinhBac City Development Holding Corporation and Saigon - Bac Giang Industrial Park Joint Stock Company agreed to cooperate and signed a Memorandum of Understanding on the research of Foxconn Group to sublease 50.5ha of land in Quang Chau Industrial Park. Foxconn is expected to invest in this new project with a total investment of more than 300 million USD, employing more than 30,000 local workers. The project promises to be one of the key projects of Bac Giang province in the near future, bringing many positive values to the local socio-economic development.

Mr. Le Anh Duong, Deputy Provincial Party Secretary, Chairman of the People's Committee of Bac Giang province spoke at the event

Speaking at the event, Chairman of Provincial People's Committee of Bac Giang province said Foxconn has become a great friend and firmly connected with Bac Giang after 15 years. “We always consider the difficulties and successes of the Corporation as our own difficulties and successes.” Bac Giang is making great efforts to enhance infrastructure and will do its best to meet the wishes of the investors, thus, all business activities of Foxconn will be convenient and effective in the coming time.