Donglai Technology(SH:688129) Zheng Quan Zhi Xing·2025-07-24 16:21Investment Overview - Company signed a strategic investment framework agreement with the People's Government of Sanjiao Town, Zhongshan City, to invest in a high-performance automotive coating R&D and production base and South China regional headquarters project [1][2] - The project will be developed in two phases, with a total fixed asset investment of 114 million yuan and working capital of 14 million yuan [2] Project Details - The project will include the establishment of a regional headquarters, R&D center, production plant, and supporting warehouses, focusing on high-performance automotive coatings and related resins [2][3] - The project company will manage the operation, land acquisition, and compliance monitoring [2] Rights and Obligations - The company has the right to develop and construct the project, obtain land use rights, and receive relevant legal rights under the agreement [3][4] - The company must comply with the agreement and is liable for any false information or infringement of third-party rights [3][4] Financial Impact - The investment is expected to enhance the company's market position in the South China region, aligning with the growing demand for automotive coatings driven by the rapid development of new energy vehicles [7][8] - The project will not significantly impact the company's financial status or operating results in the short term, with future performance dependent on project progress [7][8] Funding and Investment Scale - The total additional investment is estimated at approximately 128 million yuan, funded through self-owned funds, bank loans, and other financing methods [7][8] - The investment will be phased based on project implementation and will not adversely affect the company's operational capital [8]