Baose Co., Ltd. announced that the company plans to invest in the construction of Baose's high-end oversized equipment intelligent manufacturing project in the Nanjing Jiangning Binjiang Economic Development Zone and sign a “Project Investment Agreement” with the Nanjing Jiangning Binjiang Economic Development Zone Management Committee. The total investment amount of the project is 970 million yuan, covers an area of about 176 acres, and the construction period is 36 months. After delivery, it is expected to form a large-scale non-standard equipment production capacity of 25,000 tons per year, adding an annual output value of 1.41 billion yuan and annual tax revenue of 62 million yuan. The project still needs to be submitted to the shareholders' meeting for review, and there is uncertainty about land use, approval, etc.

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