Anbang Save-Guard Group (603373.SH) plans to invest no more than 280 million yuan to build the Anbang Financial Security Service Operation Center project in Hangzhou.

Anbang Save-Guard Group (603373.SH) announced that in order to thoroughly address the long-term demand for operational development land, the company plans to invest in and construct the Hangzhou Anbang Financial Security Service Operation Center project, with its controlling subsidiary Hangzhou Anbang as the implementing entity. The total investment for the project is expected to not exceed RMB 280 million. This project supports the company's business development plan, which is conducive to ensuring the steady growth of its core operations and enhancing the company's overall competitiveness. The project funding will come from the company and its subsidiaries' own funds as well as bank loans. The scale of investment and funding arrangements for the project will not have a significant adverse impact on the company's normal production operations, daily financial status, or operating cash flow.