Jiangsu Shuntian: Plans to invest approximately $10 million in establishing an Egyptian garment production base project in the West Kantara Industrial Zone of Egypt.

On the evening of July 28th, Jiangsu Shuntian announced that in order to accelerate the overseas production capacity layout and achieve the transformation and upgrade of the supply chain operation, the company and its controlling subsidiary plan to establish the Egypt apparel production capacity base project in the West Kantara Industrial Zone in Egypt, with a planned investment of approximately 10 million US dollars. The investment funds for this project will all come from the company's own funds.