Ningbo Peacebird Fashion (603877.SH) plans to invest 600 million yuan to build the Ningbo Peacebird Fashion Fashion Research and Development Center project.

Ningbo Peacebird Fashion (603877.SH) announced plans to build a global fashion designer service center that integrates cutting-edge material testing and development, supply chain collaboration and innovation, avant-garde fashion research and creative design, fashion exhibition release center, and digital platforms. At the same time, the center will meet the needs of testing, design, runway shows, exhibitions, and data governance, in order to achieve a leap in the entire industry chain development. The company plans to invest approximately 600 million yuan to establish the Ningbo Peacebird Fashion Fashion Research Center project, with its wholly-owned subsidiary Ningbo Peacebird Fashion Fashion Apparel Co., Ltd. as the main entity.