Core Viewpoint - Weichai Heavy Machinery's subsidiary, Changzhou FRP Shipyard Co., Ltd., focuses on the research and production of various types of vessels under 30 meters, including composite, steel, and aluminum boats [1] Group 1: Company Developments - In 2022, Changzhou FRP Shipyard established a wholly-owned subsidiary, Bohai Star Ship Technology (Qingdao) Co., Ltd., to invest in the Weichai (Qingdao) Marine Equipment Manufacturing Center project [1] - The new project aims to expand the business into vessels ranging from 30 meters to 80 meters in length [1]

Core Viewpoint - The company is expanding its capabilities in the shipbuilding industry by investing in new projects and subsidiaries to produce larger vessels, specifically targeting the market for boats over 30 meters in length [1] Group 1: Company Developments - Weichai Heavy Machinery's wholly-owned subsidiary, Changzhou FRP Shipyard Co., Ltd., primarily focuses on the research and production of various types of vessels under 30 meters, including composite, steel, and aluminum boats [1] - In 2022, Changzhou FRP Shipyard established a wholly-owned subsidiary, Bohai Star Ship Technology (Qingdao) Co., Ltd., to invest in the Weichai (Qingdao) Marine Equipment Manufacturing Center project, which aims to expand the business into vessels ranging from 30 to 80 meters [1]