Jiangyin Electrical Alloy (300697.SZ) plans to establish a wholly-owned subsidiary in Xiamen to produce and sell high-quality copper materials.

Announcement from Jiangyin Electrical Alloy (300697.SZ): The company plans to establish a wholly-owned subsidiary in Xiamen, producing and selling high-quality copper materials such as copper busbars and copper electrical components, which can be widely used in strategic emerging industries such as medium and low voltage electrical equipment, data centers, etc. The planned investment amount for this project is expected to be no more than 100 million yuan, all of which will be used as project capital for the purchase of fixed assets and operating funds.