Wanshun new material: the subsidiary plans to invest 1.19 billion yuan to build 130000 tons of high-precision aluminum plate and strip project.

Wanshun new material announcement, in order to meet the needs of the development of aluminum processing business, the company's wholly-owned subsidiary Jiangsu Zhongji Composite Co., Ltd. (hereinafter referred to as "Jiangsu Zhongji") plans to take Sichuan Wanshun Zhongji Aluminum Co., Ltd. (specifically subject to industrial and commercial registration. (hereinafter referred to as "Sichuan Wanshun Zhongji") as the main body of the project to invest in the construction of 130000 tons of high-precision aluminum plate and strip in the Economic and technological Development Zone of Guangyuan City, Sichuan Province. The total investment of the project is expected to be 1.192486 billion yuan.

Through the construction of this project, the company will increase the production capacity of 80,000 tons of lithium battery positive aluminum foil billets and 50,000 tons of double zero aluminum foil billets, which will help to improve the raw material supply guarantee capacity and quality stability of the company's battery aluminum foil, double zero aluminum foil and other high-precision aluminum foil products, further reduce aluminum foil production costs, improve profitability, and expand the company's capacity advantage. In order to enhance the comprehensive competitiveness of Zhongji brand in the aluminum processing industry, at the same time, it can better meet the needs of the development of aluminum foil market for high-precision aluminum strip. The construction of this project lays a solid foundation for the long-term development of the company's aluminum processing business.