Core Viewpoint - The establishment of a new materials R&D and pilot production base by Xian Simowei New Materials Co., Ltd. is expected to generate an annual output value of approximately 330 million yuan upon reaching full production [1]. Group 1: Project Details - The total investment for the project is 150 million yuan, covering an area of about 24 acres with a total construction area of approximately 24,000 square meters [1]. - The project aims to develop and produce next-generation high barrier packaging adhesive materials for OLEDs, including low dielectric film packaging ink, high fold film packaging ink, and high leveling film packaging ink [1]. Group 2: Company Background - Simowei was established in 2017 and specializes in the R&D of flexible OLED materials and packaging materials, integrating R&D, production, sales, and service [1]. - The core product, TFE INK film packaging material, is already in mass production and has been adopted by major panel manufacturers such as BOE, TCL Huaxing Optoelectronics, Visionox, and Tianma [1]. Group 3: Financing Information - In April of this year, Simowei secured 50 million yuan in Series C financing, with investors including Zhishou Capital, Qingkong Capital, TCL Venture Capital, and Chuxin Capital [3]. - Previous rounds of financing (Series A and B) also included investments from Ruilian New Materials and TCL Venture Capital [3].