East Asia Machinery (301028.SZ) plans to invest in the construction of a smart manufacturing base for central air compressors and core components in the Hejian Industrial New City in Anhui province.

Wisdom Financial News APP, East Asia Machinery (301028.SZ) announced that in order to optimize the company's industry and regional layout, improve the market share of the company's products, better meet market demand, and achieve the company's long-term development strategy, it intends to sign a "Project Investment Agreement" with the Management Committee of Helu Industrial New City in Anhui Province, to establish an independent legal entity project company in Helu Industrial New City, Lujiang County, Hefei City, Anhui Province. The company plans to invest in the Central China air compressor and core component intelligent manufacturing base project in Helu Industrial New City, with a total planned investment amount of approximately 400 million yuan.