Sino-Platinum Metals (600459.SH) subsidiary plans to invest 435 million yuan to build a high-precision and high-performance composite materials production base project.

Sino-Platinum Metals (600459.SH) announced that, in order to further expand the business development space of its controlled subsidiary Guiyan Zhongxi (Shanghai) New Material Technology Co., Ltd. ("Guiyan Zhongxi"), enhance technological innovation capability, promote industrial transformation and upgrading, consolidate existing business advantages, accelerate the iteration of new high-end composite material products, build an intelligent and efficient production system, and comprehensively strengthen the company's core competitiveness and sustainable development capability, Guiyan Zhongxi plans to invest in the construction of a high-precision and high-performance composite materials production base project. The total investment of the project is 435 million yuan, with a construction period of 24 months. The project aligns with national strategies and local industrial layout. Its implementation will help Guiyan Zhongxi seize the window period for domestic substitution and advance the transformation and upgrading of its production capacity, equipment, and R&D platforms. It will further consolidate Guiyan Zhongxi's traditional business foundation, vigorously expand into high-value-added emerging tracks, promote the iterative upgrading of products and business structure, help the company transform from traditional material manufacturing to high-end new material R&D and manufacturing, and comprehensively enhance its overall market competitiveness.