Ningbo Jianan Electronics(300880.SZ) holding subsidiary plans to invest no more than 466 million yuan to build the intelligent electric green energy industrial park and expand business scale.

Ningbo Jianan Electronics (300880.SZ) announces that its controlling subsidiary, Jachen New Energy, is participating in the bidding for the land use rights of the Cixi Smart Home Appliance High-tech Industrial Park in Cixi City, Zhejiang Province, auctioned by the Cixi Natural Resources and Planning Bureau, and investing in the construction of the Smart Electric Green Energy Industrial Park project. The total planned investment for the project is not more than RMB 466 million (including the land acquisition payment), divided into two phases. The first phase of the project plans to invest RMB 366 million; the second phase plans to invest RMB 100 million, with the possibility of expanding production lines based on the development of the first phase project and future demand in the new energy industry. The first phase of the project intends to focus on research and development and production of new energy-related products such as ultra-fast charging, energy storage equipment and core components, and energy management software through land acquisition, construction of new plants, and production lines. It is reported that this initiative aims to adapt to the rapid development trend of the new energy industry, explore and promote new technologies and equipment in the charging pile industry, promote the development of the trillion-dollar intelligent interconnected new energy vehicle industry, expand the company's business scale, enhance market competitiveness, and better support the company's future growth needs.