Xusheng Group Adds Entities, Locations & Extends Timeline for Green Manufacturing Project

On September 16, Xusheng Group announced that the company plans to add implementing entities and implementation locations for the "Green Manufacturing Project for Automotive Lightweight Structural Components" and extend the timeline for the project to reach its intended usable state to June 2027.

This time, Xusheng Group intends to add "XUSHENG (HK) TRADE LIMITED" and "XUSHENG MEXICO S DE RL DE CV" as implementing entities for the "Green Manufacturing Project for Automotive Lightweight Structural Components," and add "VIALIDAD ACCESO HUERTA 758 ENTRE BLVD. CESAR CANTU BENAVIDES Y ACCESO HUERTA C.P. 25304" as an implementation location. The timeline for the project to reach its intended usable state has been extended from June 2026 to June 2027. Apart from the above changes, the total investment, construction content, amount of raised funds to be invested, and implementation method of the project remain unchanged.

This adjustment was made to improve the efficiency of the use of raised funds, taking into account the actual progress of the project and considering the current uncertainties in global geopolitical factors. The completion timeline of the project has been postponed accordingly. This change does not affect the purpose of the raised funds or the scale of investment, and the total investment in the project remains 347 million yuan.