Omat Advanced Materials (688530.SH) plans to invest 322 million yuan to construct the Omat Advanced Materials Mingyue Lake High-tech Materials Industrial Park Project (Phase I).

Omat Advanced Materials (688530.SH) announced that, according to the company's strategic development plan, it will establish the Omat Advanced Materials Mingyuehu High-Tech Materials Industrial Park project in ShaoGuan city, Guangdong, by implementing a five-in-one model combining talent introduction, R&D innovation, industry-academia collaboration, technology incubation, and industrialization. This project aims to showcase the development of new productive forces in ShaoGuan city and even in Guangdong province. The project will be developed in phases, with this being the first phase. The company plans to sign an investment agreement with the ShaoGuan High-tech Industrial Development Zone Management Committee to invest in and construct the "Omat Advanced Materials Mingyuehu High-Tech Materials Industrial Park project (Phase One)" with a total planned investment of 322 million RMB (actual investment amount to be determined) and a land area of 208.5 acres (actual area subject to final registration). The project will include the construction of a research center, headquarters building, future pavilion, laboratory building, testing and analysis center, and conference center, with a focus on high-performance sputtering target materials and expanding into upstream high-purity materials, copper, and alloy new materials businesses. The project is scheduled to be completed within 3 years from the signing of the land transfer contract, between January 2025 and December 2027 (actual start date subject to the official commencement order). This investment is in line with the company's development strategy of focusing on high-performance sputtering target materials and actively expanding into upstream high-purity materials, copper, and alloy new materials. The project implementation will help the company achieve breakthroughs in key technological areas, optimize the existing production layout, expand and extend its business footprint, and provide comprehensive products and services to the market and customers. In the long term, this project will also play a positive role in realizing the company's strategic layout goals and future business development.