Zhongfu Industrial: Wholly-owned second-level subsidiary Guangyuan Linfeng Aluminum Materials plans to invest 2.59 billion yuan to build an aluminum-based new material green intelligent manufacturing project.

Zhongfu Industries announced that its wholly-owned subsidiary, Guangyuan Linfeng Aluminum Co., Ltd., plans to invest 259 million yuan to develop a green smart manufacturing project for aluminum-based new materials, producing 3 million hub caps. The project will be built in two phases, with the first phase focusing on the production of 2 million hub caps and the second phase on 1 million hub caps. The total investment for the project is 259 million yuan, with 142 million yuan allocated to new construction and 117 million yuan allocated to working capital. The first phase will require 94.6 million yuan for construction and 79.6 million yuan for working capital, while the second phase will need 47.4 million yuan for construction and 37.7 million yuan for working capital, all of which will be funded by the company's own resources.