Zhejiang Wellsun Intelligent Technology (300882.SZ) plans to invest no more than 504 million yuan in the construction of the Wansheng Green Smart Equipment Industrial Park project.

Zhejiang Wellsun Intelligent Technology (300882.SZ) announced that, based on the company's long-term business development plan and strategic layout needs, the company intends to invest in the construction of the "Wansheng Green Intelligent Equipment Industrial Park Construction Project" in the Tian Tai Economic Development Zone TSF080801-05 plot. The planned total investment amount will not exceed 504 million yuan, and the expected construction period is 36 months (the actual investment and construction period are subject to the actual investment and construction situation), with funding sources from the company's own funds or self-raised funds. The purpose of this investment is to expand the core production capacity of smart distribution networks, automobile electronic series, smart microgrid systems products, and metering transducers, systematically improve overall operations and management efficiency, deeply integrate with the upgrading of domestic grid intelligence and the construction of new power systems to address the product replacement and incremental demand, actively respond to development trends, accurately grasp domestic and international market expansion opportunities, and further enhance the company's sustained profitability and overall competitive advantage.