Chinese high-tech company moves headquarters to Vancouver

A Chinese high-tech manufacturing company has signed a memorandum of understanding with HQ Vancouver to relocate its headquarters to Vancouver, in addition to committing to invest $1 million in a research-and-development facility that could create as many as 100 jobs. Zhiye Photoelectric Precision Technology, based in Nanjing, China, which produces photo-etching technology and products, said they found Vancouver to be conducive to advanced manufacturing, adding that the planned headquarters and R&D facility will initially create 10 jobs, but can increase to 100 new positions as the company hits the estimated $4 million to $5 million in annual production.

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