Vontron Technology (000920.SZ) plans to invest 300 million yuan in setting up the Nanjing Worton Investment and Operation Project to enhance the material and component capabilities of membrane application.

Vontron Technology (000920.SZ) announced that the company plans to invest 300 million yuan with its own funds to establish a wholly-owned subsidiary, Vontron Technology (Nanjing) Co., Ltd. (referred to as "Nanjing Vontron"). The newly established wholly-owned subsidiary Nanjing Vontron is intended to serve as the investment and operation entity for the company's membrane material and membrane component capacity enhancement project, which is currently in the planning stage.