Core Viewpoint - Fosda announced plans to invest approximately 1 billion RMB in the "Fosda Marine Engineering and Equipment Intelligent Manufacturing Project" located in the Qidong Lusi Port Economic Development Zone, with a total land and sea area of about 505 acres [2] Investment Details - The project was approved during the fourth board meeting and the third extraordinary shareholders' meeting held on October 13 and October 30, 2025, respectively [2] - The project company will be responsible for bidding for the necessary industrial land and sea, as well as for the investment, construction, and operation of the project [2] - A wholly-owned subsidiary for the project has been registered and has obtained a business license from the Qidong Data Bureau [2]

Core Viewpoint - Fosda (603173.SH) has approved an investment proposal for the "Fosda Marine Engineering and Equipment Intelligent Manufacturing Project" with a total investment of approximately 1 billion RMB [1] Group 1: Investment Details - The project will be located in the East Port Area of the Qidong Lusi Port Economic Development Zone, covering a total area of about 505 acres [1] - The company plans to establish wholly-owned subsidiaries, including a project company, a trading company, and a port logistics operation company [1] - The project company will be responsible for bidding for the necessary industrial land and sea, as well as the investment, construction, and operation of the project [1] Group 2: Corporate Actions - The wholly-owned subsidiary project company has completed the business registration process and has recently obtained a business license issued by the Qidong Data Bureau [1]