A few days ago, the Company signed the Investment Contract for the NBKBE Automotive Cable Project with the People's Government of Macheng City. The signing ceremony was held in Macheng City. Wang Guobing, Secretary of the CPC Macheng Municipal Committee, and other leaders of the CPC Macheng municipal committee and government, as well as the heads of various departments, villages, and towns, and Lin Guangyao, Chairman of the company, attended the signing ceremony.

To meet the demand of customers in the central region for the company's products, accelerate the company's production capacity improvement and technological innovation, and promote the realization of the company's medium and long-term strategy, the company decided to invest and build a factory in Macheng, Hubei Province after considering the distribution of the automotive industry, the advantages of transportation location, and the business environment. When completed, the project will become the sixth production base of NBKBE in China.

The total investment of the company in the Macheng automotive cable project is not less than 250 million RMB. The project is mainly engaged in the production and construction of automotive wires and cables, including but not limited to new energy automotive high-voltage cables, intelligent network connected automotive data cables, aluminum cables, aluminum bars and other products, as well as products being developed and further developed by the company.

After the project is completed and put into operation, it can make full use of local advantages, promote the continuous optimization of production capacity distribution, improve the current supply efficiency and capacity-matching efficiency, reduce production costs, and thus enhance the overall comprehensive strength of the company. The implementation of this project can not only improve the company's industrial layout in the country, but also promote the local economic and social development of Macheng and achieve the goal of win-win development.