Kinwong(SH:603228) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-23 17:46Core Viewpoint - The company plans to invest a total of RMB 5 billion in the expansion of its Zhuhai Jinwan base to enhance its production capacity and technological capabilities in high-end products, particularly in AI computing, high-speed network communication, and automotive intelligence applications [2][4][12]. Group 1: Investment Overview - The investment project is named the Zhuhai Jinwan Base Expansion Project [6]. - The total investment amount is estimated at RMB 5 billion, with funding sourced from self-owned or self-raised funds [2][11]. - The project aims to upgrade existing factory technology, increase production capacity, and construct new facilities to meet high-end product demands [4][9]. Group 2: Project Details - The project will be implemented by Jingwang Electronics Technology (Zhuhai) Co., Ltd. [8]. - The construction location is at the Zhuhai Jinwan Base Park, specifically at No. 801, Nanshui Avenue, Nanshui Town, Zhuhai City [7]. - The construction period for the project is set from 2025 to 2027 [10]. Group 3: Board Approval - The investment plan was approved unanimously by the board of directors during the meeting held on August 22, 2025 [5][16]. - The decision does not involve related transactions and does not constitute a major asset restructuring as per relevant regulations [5]. Group 4: Impact on the Company - The expansion project is expected to strengthen the company's competitive advantage in high-end products and enhance its market position, ultimately contributing positively to future operational performance and profitability [12].