CSSC Science & Technology (600072.SH): Shuangrui Technology plans to invest 500 million yuan to increase capital for Shuangrui Blades.

CSSC Science & Technology (600072.SH) announced that in order to enhance the research and development capabilities of its subsidiary, Luoyang Surui Wind Power Blade Co., Ltd. (referred to as "Surui Blades"), strengthen industry collaboration, and continuously improve the competitiveness of Surui Blades products, the company has agreed to inject 500 million yuan in cash into Surui Blades through an agreement with Luoyang Ship Material Research Institute, a wholly-owned subsidiary of China CSSC Group Limited (also known as "725 Research Institute"), which is the technology industry investment platform of the 725 Research Institute. This transaction is beneficial for Surui Blades to leverage the research and development advantages of the 725 Research Institute and Surui Technology in basic materials, promote industrial research and product upgrades, further enhance its core competitiveness, and strengthen its research and development capabilities. At the same time, it will effectively reduce the financial costs of Surui Blades, drive further market expansion, enhance market competitiveness, and improve risk resistance.