Pinggao Electric: Wholly-owned subsidiary plans to invest 1.4 billion yuan to build GIS green, low-carbon and intelligent factory project.

Pinggao Electric announced that in order to seize market opportunities, meet the increasing demand for production capacity in the rapidly growing market, promote the transformation and upgrade to digital intelligence, its wholly-owned subsidiary Pinggao Electric Smart Switch Equipment Co., Ltd. plans to invest 1.4 billion yuan to build the Pinggao Electric GIS Green Low Carbon Smart Factory Project. The project is planned to have a net land area of 345.38 acres and will mainly produce 126kV-550kV GIS. The construction period of the project is 30 months, with an expected start date of October 2026. The project is expected to have an investment return rate of 16.3%.