Jing Hong Fashion delays projects, adjusts investment amounts

Jing Hong Fashion Group (SSE:603518) is delaying the completion of its "Intelligent Manufacturing, Smart Retail, and Supply Chain Collaboration Information Platform" and "Omni-channel Marketing Network Upgrade" projects to February and March 2028, respectively, according to a filing reviewed by China Securities. The company is reallocating funds within the intelligent manufacturing project, increasing investment in ERP&DRP system upgrades and O2O platforms while reducing spending on big data and intelligent logistics. Despite the changes, the total planned investment for both projects remains unchanged. The company says that the decision will improve the efficiency of capital use, aligning with the evolving needs of the company's operations and market demands.