A signing ceremony for cooperation between the Xingyi government and Yahuang Electronic Technology Company was held on Oct 13. 

The event marked the start of a program to build an industrial park for printing consumables in Sajin industrial park in Xingyi city, Qianxinan Bouyei and Miao autonomous prefecture. 

Yahuang Electronic Technology Company, headquartered in Dongguan, Guangdong province, pledged to invest 200 million yuan ($30.23 million) to build the industrial park which is projected to cover an area of 20 mu (1.33 hectares).

The project is expected to generate an annual output of 300 million yuan after completion and create more than 1,000 local jobs. 

Yuan Jianlin, mayor of Xingyi, attended the ceremony and exchanged views with Ao Wenbo, president of Yahuang Electronic Technology Company.