The company purchased a factory area in Shamao Town in early 2024 to expand its operations.

1. The total investment is 50 million yuan, with a first phase investment of 35 million yuan. In March 2024, we will first address the issue of purchasing factory buildings. 4. In May, the decoration and renovation of the factory will be carried out, and 2 sets of new busbar product production lines will be purchased (already purchased). The installation and commissioning of the new busbar production equipment will be completed in June 2024.

2. Relocation work will be carried out in July 2024, relocating the original production equipment to the new factory area and conducting installation and commissioning. After completion, the company will have the production capacity for all types of pipe headers.

3. Build a more professional technical team, increase research and development efforts, constantly innovate in response to market changes, and produce busbar products with higher voltage levels and larger currents. To meet more market demands and develop more profit points.

4. Strengthen personnel training, reduce internal losses, improve product quality, lower material costs, lower after-sales costs, and to a certain extent, reduce the overall cost of the product, making it more competitive in the market.