Kindawei: Subsidiary plans to invest 1.2 billion yuan to build a project with an annual production of 100,000 tons of algae oil Omega-3.

Jindawei announced that its wholly-owned subsidiary Inner Mongolia Jindawei Pharmaceutical Co., Ltd. intends to invest in the construction of a 100,000-ton algae oil Omega-3 project, with a total investment of 1.2 billion yuan and an estimated construction period of 36 months. The main construction contents of the project include the construction of a new fermentation workshop, refining workshop, supporting facilities such as cooling water pool, pump house, various warehouses, tank farm, and shift dormitory building. The board of directors of the company convened on April 20, 2026, and approved the proposal with 9 in favor, 0 against, and 0 abstentions. This investment does not meet the standards for consideration by the company's shareholders' meeting and does not need to be submitted for approval. The project is expected to have a positive impact on the company's operations.