Neway Valve (603699.SH) plans to invest approximately 500 million yuan to implement the second phase expansion project of Neway Fluid, expanding production capacity.

Neway Valve (603699.SH) announced that its subsidiary Neway Fluid Control (Suzhou) Co., Ltd. (referred to as "Neway Fluid") plans to carry out the "Neway Fluid Phase II Expansion Project," with an estimated investment amount of about 500 million yuan, and is expected to be completed and put into operation by June 2027. The project plans to build approximately 20,000 square meters of production plants and supporting facilities, as well as to expand more than 2 industrial valve production lines. The project site is located north of the Neway Fluid Phase I and east of the China Automotive Engineering Research Institute, with a land area of approximately 48.72 mu, for the construction of production plants and corresponding supporting facilities. The announcement stated that if this investment can proceed smoothly, it will help further expand the company's industrial valve production capacity to meet the needs of the company's future market expansion and business development.