Nanjing Inform Storage Equipment (Group) (603066.SH) plans to invest in building a high-standard factory for the research and development and production of intelligent equipment.

Announcement from Nanjing Inform Storage Equipment (Group) (603066.SH): The company holds a land use right of 40,003.3 square meters and a building area of 22,816.84 square meters in the Jiangning Economic and Technological Development Zone in Nanjing. In accordance with the business development plan, the company has transferred the production capacity of shelf manufacturing from the factory in the Jiangning Economic and Technological Development Zone in Nanjing to its wholly-owned subsidiary, Anhui Yinfly Intelligent Logistics Equipment Co., Ltd., located in a smart manufacturing factory in Ma'anshan, Anhui. Part of the land use right and building area owned by the company is idle. To activate the assets, the company plans to demolish the existing buildings and invest in the construction of high-standard factories for research and development and manufacturing of intelligent equipment. According to a document issued by the Jiangning District Industrial and Information Bureau, the "Yinfly Intelligent Equipment Industrial Park Project" has been included in the high-standard factory project for 2024. The company has been authorized to carry out project investment-related work. To strengthen project investment supervision and full life cycle management, the company plans to invest in the establishment of a wholly-owned subsidiary as the construction unit, responsible for the investment, construction, and operation of the high-standard factory project.