Zhongchuang Zhiling (00564.HK) intends to invest in the construction of a New Energy Vehicle Parts Industrial Base and Research and Development Center project.

Zhichong Finance and Economics APP News, China Chuang Zhiling (00564.HK) announced that, based on the company's strategic layout in the core components of new energy vehicles, in order to accelerate the industrialization process of key products such as motor system components, chassis components, and thermal management components of new energy vehicles, the company plans to invest in the construction of a Chuang Zhiling Group new energy vehicle component industry base and research and development center project in Wujin National High-tech Industrial Development Zone in Changzhou City ("Wujin High-tech Zone"). The project is expected to have a total investment of approximately RMB 5 billion, with a planned land area of approximately 270 acres (specific area subject to actual surveying and mapping), and the specific investment progress will be implemented in stages according to the internal and external business environment.