China Jushi Co., Ltd(600176.SH) plans to invest 5.806 billion yuan in building an electronic grade glass fiber zero-carbon intelligent production line and supporting wind power construction project.

China Jushi Co., Ltd (600176.SH) announced that its wholly-owned subsidiary, Jushi Group Limited (referred to as "Jushi Group"), plans to establish a project with an annual production capacity of 100,000 tons of electronic-grade glass fiber zero-carbon intelligent production line, through its wholly-owned subsidiary Jushi Group Huai'an Limited (referred to as "Jushi Huai'an"). At the same time, it also plans for a newly established wholly-owned subsidiary of Zhejiang Jushi New Energy Co., Ltd., Jushi New Energy (Lianshui) Co., Ltd. (to be established) to develop a 500MW wind power generation project. The total investment for the Jushi Huai'an project is 5.806 billion yuan. Once the project is completed, the estimated total return on investment is 17.47% (the above data is before tax, and only represents the company's estimated return on investment for the project, and does not constitute a commitment from the company regarding the project's return on investment). The implementation of this investment project is beneficial for the company to achieve structural adjustment and transformation and upgrading, further improve industrial layout, enhance green manufacturing level, accelerate the achievement of peak carbon dioxide emissions and carbon neutrality, improve economic benefits, and move towards sustainable development, truly achieving high-quality development for the company.