Sanxia New Materials (600293.SH) plans to jointly invest with the China Investment Corporation to build a automobile and electronic glass project in Lingang. The investment scale is about 2.6 billion yuan.

The Zhixing Finance and Economics APP, the Three Gorges New Material (600293.SH) announced that, in order to fully implement the company's transformation and development strategy, they will consolidate and optimize the basic plate of the existing float glass main business, accelerate the expansion into high value-added fields such as automotive glass and electronic glass, reshape the product structure and cost structure, enhance core competitiveness and sustainable development capabilities. The company plans to jointly invest in the Three Gorges New Material Lingang Automotive and Electronic Glass Project ("Lingang Project") with its indirect controlling shareholder Yichang State-owned Capital Investment Holding Group Co., Ltd. (referred to as "State Investment Group"). The investment scale of the project is approximately 26 billion yuan. Three Gorges New Material and State Investment Group will make corresponding contributions based on their final shareholding proportions in Three Gorges New Material Lingang New Materials (Yichang) Co., Ltd. (referred to as "Lingang New Materials").