Shenzhen Woer Heat-shrinkable Material (002130.SZ) plans to invest less than 1.5 billion yuan to expand the Shuikou Industrial Park project to meet business growth needs.

Shenzhen Woer Heat-shrinkable Material (002130.SZ) announcement: The company plans to use self-raised funds totaling no more than 1.5 billion yuan to invest in the expansion of the Shuikou Industrial Park project in Huicheng District, Huizhou City, Guangdong Province. The project includes, but is not limited to, the construction of new factories and supporting facilities, acquisition of fixed assets, and provision of working capital. The announcement reveals that the company plans to establish a research, production, and sales base in the Xinmin Luotang area of Shuikou Street, Huicheng District, Huizhou City, Guangdong Province. The base will focus on the development and production of high-performance communication cable series products such as the Leting Zhilian high-speed communication cable, automotive intelligent industry cable, automation high-flexibility cable, industrial Siasun Robot&Automation cable, as well as polymer foam material series products. The project is expected to have a construction period of 2 years. The announcement states that the main purpose of this investment to expand the industrial park project is to meet the company's growing business needs, conduct overall capacity planning and coordination in advance, reduce the operational risks caused by insufficient capacity, and effectively enhance the company's overall capacity reserves and delivery capabilities.