Shanghai Shenda (600626.SH): Auria company's new project expected total investment amount in 2025 is 33.68 million US dollars.

Shanghai Shenda (600626.SH) announced that its subsidiary, Auria Solutions Ltd. (hereinafter referred to as "Auria"), is planning to invest a total amount of 33.68 million US dollars (equivalent to 242 million RMB) in a new project in 2025. In 2025, Auria will make capital investments in production line equipment upgrades, auxiliary equipment procurement, equipment debugging, and maintenance for new projects from car manufacturers such as GM, Mercedes-Benz, Honda, Volvo, BMW, and Volkswagen. The total expected investment amount is 33.68 million US dollars, with 22.0878 million US dollars planned for North America and 11.5985 million US dollars for Europe. The expected investment amount for this project by Auria is approximately 242 million RMB, accounting for 2.24% of the company's total assets as of 2023 and 7.59% of its net assets. The funds for this investment come from Auria's own resources. The automotive interior industry that Auria operates in is capital-intensive and requires continuous capital investments to ensure the smooth progress of business operations. This investment is necessary to consolidate Auria's market share and achieve steady and healthy development, in line with the actual production and operational needs of the company, and will enhance the overall business capabilities of the company.