002028SZSE

Announcement on Investment in Capacity Expansion Project of Jiangsu Rugao High Voltage Electrical Co., Ltd.

Sieyuan Electric Co., Ltd.··3 pages

✨ AI Summary

This announcement details the investment of 600 million yuan in the capacity expansion project of Jiangsu Rugao High Voltage Electrical Co., Ltd., a subsidiary of Siyuan Electric Co., Ltd. The investment aims to meet the growing demand for switchgear products and is funded by the company's own resources. It is not classified as a related party transaction or a major asset restructuring.

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Full Translation

AI Translation· azure_openai

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. This investment will help the company further strengthen its industrial chain, aligning with its development strategy and overall interests. The funding will come from the company's own resources and is not expected to have a significant impact on the company's financial status and operating results for the current year.
  2. This investment does not constitute a related party transaction and does not fall under the major asset restructuring regulations as per the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
  3. The investment may be affected by policy changes and market competition, leading to uncertain returns. Investors are advised to invest rationally and be aware of risks.

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