Subsidiary of Hunan New Wellful (600975.SH) plans to invest 200 million yuan to establish the Hunan New Wellful Technology Innovation Base project (Phase I).

Hunan New Wellful (600975.SH) announced plans to focus on swine breeding and nutrition research and development, promote the upgrade of intelligent technology, further strengthen comprehensive technological innovation capabilities, build differentiated competitive advantages, and enhance long-term profitability. The company's wholly-owned subsidiary, Tianxin Seed Industry, plans to construct the "Hunan New Wellful Technology Innovation Base Project (Phase I)", with a total construction area of 20,634.65 square meters and a total investment of approximately 200 million yuan. The science and technology innovation base project is based on the characteristics of long-term investment in scientific research, with the core positioning as a research and service carrier for the swine industry. Through technological innovation, the project will focus on initiatives to improve breeding production efficiency, optimize feed formulation, upgrade alternative raw material solutions, iterate on environmental protection technologies, transform facilities and equipment into intelligent systems, expand research and development of meat processing, and strengthen digital empowerment. These cost reduction measures will effectively empower the company's main business, help address cyclical challenges, respond to market competition, closely follow industry standardization and scale development trends, and promote the company's continuous growth with "breeding cost control" as the core theme.