Gambol Pet Group (301498.SZ) plans to invest 950 million yuan in building a high-end pet food project in New Zealand.

Gambol Pet Group(301498.SZ) announced that the company plans to invest in the construction of a high-end pet food project in New Zealand using its own funds and self-raised funds. The total investment of this project is 950 million yuan, with planned phased investments over a total construction period of 5 years. The investment amount for the first phase of the high-end pet food project in New Zealand is 350 million yuan. It is estimated that the total land area of this project will be approximately 48,000 square meters, with production plans for freeze-dried and baked snacks, wet food, baked goods, and health foods for pets. The project includes freeze-drying workshops, baking workshops, wet food workshops, snack workshops, health food workshops, raw materials and finished product warehouses, as well as research and development buildings, restaurants, parking buildings, and other ancillary facilities.