New projects are underway, including the Jinzhou Phase III project and two other projects.

Chang Gaoxin stated during a telephone conference that the Jinzhou Phase III project includes a clean factory building equipped with 1000kV GIS equipment and a complete set of air-insulated switchgear products. The project is planned to start construction in June of this year and be put into operation next year. The GIL assembly plant is planned to be put into operation by the end of this year. The Wangcheng improvement project is scheduled to start in July and be put into operation by the middle of next year. The Hengyang transformer production base is planned to start construction in the third quarter of this year and be put into operation by the end of next year. All three projects will start construction sequentially, with initial investments being made with internal funds.