Xinya Cable: Signed 2.98 billion yuan investment agreement.

New Asia Cable Announcement: The company has signed an "Investment Agreement for Investment Promotion Projects" with the People's Government of Qingcheng District, Qingyuan City. The company plans to use its own and self-raised funds to invest in the construction of a green and environmentally friendly cable industry project in Qingcheng District, Qingyuan City. The total planned investment for the project is approximately 298 million RMB.