Wall Nuclear Materials (002130.SZ) subsidiary plans to invest no more than 800 million yuan to build a production base project in Zhejiang Dushan Port Economic Development Zone

According to Zhitong Finance App, Wall Nuclear Materials (002130.SZ) announced that in order to further improve the company's industrial layout, enhance manufacturing and R&D capabilities, and better grasp market development opportunities, the company's wholly-owned subsidiary Shanghai Changyuan Electronic Materials Co., Ltd. (“Shanghai Electronics”) plans to use no more than 800 million yuan to invest in the construction of a production base project in the Dushan Port Economic Development Zone in Zhejiang. The funding sources are self-funded by the subsidiary and proceeds from the company's H share global sale. On the same day, Shanghai Electronics signed an “Investment Agreement” with the Zhejiang Dushan Port Economic Development Zone Management Committee.

The purpose of this investment is to achieve complementary advantages and resource sharing between the two partners. By making full use of their respective resources and advantages, they cooperate closely in building production bases for electronic material products, and jointly promote industrial development plans. This investment and construction project helps the company to plan and coordinate production capacity in advance, optimize production capacity and production resource allocation for electronic material products, further improve production capacity and delivery efficiency, reduce the operating risks caused by the subsidiary Shanghai Electronics due to insufficient production capacity, and facilitate the rational layout of the company's overall production base. Furthermore, Shanghai Electronics' current investment and construction project will help it increase its production capacity scale, enhance the company's overall profitability and market competitiveness, lay a solid foundation for the company's continuous and stable development in the future, and are in line with the company's long-term development strategy.