Hailiang Group: Controlling subsidiary plans to invest 5.05 billion yuan to construct a project of an annual production of 67,500 tons of copper foil production line.

Sina Finance reported on March 31st that Hailiang Group announced that its controlling subsidiary, Gansu Hailiang New Energy Materials Co., Ltd., plans to invest in and build a 67,500 tons/year copper foil production line project in Zhuji City, Zhejiang Province. The project will be implemented by establishing a wholly-owned subsidiary, Zhejiang Hailiang New Energy Materials Co., Ltd., by Gansu Hailiang, and will be constructed in three phases. It is expected to have a production capacity of approximately 67,500 tons/year of electrolytic copper foil after full production. The total investment of the project is estimated to be 5.05 billion yuan, with fixed asset investment estimated at 3.85 billion yuan.