Hai'an Group announced that the company and its subsidiary Russia's Hai'an signed an “Investment Intent Agreement” with its flagship stock company and Pioneer Joint Stock Company to increase the capital of Pioneer shares and build an all-steel giant tire factory in Russia. The total investment is not expected to exceed 4.319 billion yuan. Of these, shareholders of both parties invested 1,119 billion yuan in cash, and Haian Group also invested 208 million yuan in non-monetary form. After the capital increase, Haian Group and Russia's Haian held a total of 51% of the shares. The project is expected to be built in 2026-2028, with capital from bank loans and shareholders' capital increases. However, the investment is still subject to approval, and there are various risks.

Hai'an Group announced that the company and its subsidiary Russia's Hai'an signed an “Investment Intent Agreement” with its flagship stock company and Pioneer Joint Stock Company to increase the capital of Pioneer shares and build an all-steel giant tire factory in Russia. The total investment is not expected to exceed 4.319 billion yuan. Of these, shareholders of both parties invested 1,119 billion yuan in cash, and Haian Group also invested 208 million yuan in non-monetary form. After the capital increase, Haian Group and Russia's Haian held a total of 51% of the shares. The project is expected to be built in 2026-2028, with capital from bank loans and shareholders' capital increases. However, the investment is still subject to approval, and there are various risks.