Red Medical: Increase the investment amount of the nitrile glove production line project in Indonesia to 1.477 billion yuan.

China Hong Medical announced that on March 24, the board of directors approved an increase in the investment amount of the first phase of the project for adding 20 nitrile glove production lines at its production base in Indonesia. The total investment amount for the project has been increased from 1.092 billion yuan to 1.477 billion yuan. Of this, up to 738.5 million yuan will be raised through additional funds, with Singapore and Hong Kong companies increasing their capital by 516.95 million yuan and 221.55 million yuan respectively, and the remaining amount will be funded by internal funds or self-raised funds. The project is expected to have a payback period of approximately 6.72 to 8.49 years, with a return rate of approximately 7.32% to 10.41%, subject to approval at the shareholder meeting.