JinFu Technology: Plans to spend 78.42 million yuan to purchase industrial land to advance the 1.014 billion yuan new materials eastern production base project.

JinFu Technology announced that its wholly-owned subsidiary, Shanghai JinJinFu, has established an project implementation entity, Jinshan JinJinFu, in Jinshan District, Shanghai, to advance the "New Materials Eastern Production Base Project." Jinshan JinJinFu plans to purchase the right to use 46,666.93 square meters of industrial land, with a starting listing price of RMB 78.42 million, and intends to sign an industrial cooperation agreement with the Shanghai Carbon Valley Green Bay Industrial Park Management Committee. The project has a planned total investment of approximately RMB 1.014 billion, of which the total fixed asset investment shall be no less than RMB 761 million, mainly to build production capacity for fluorine-free adhesives, electronic binders, thermal management coolants, and others. The project funds are planned to be raised through own funds, self-raised funds, and bank project loans.