According to Zhitong Finance App, Hailiang Co., Ltd. (002203.SZ) issued an announcement. On August 3, 2026, the board of directors of the company deliberated and passed the “Proposal on Business Integration of Wholly-owned European Subsidiaries”. The company plans to integrate the business of its European subsidiaries, promote the transformation of European business into a high-value-added and high-margin business through measures such as concentration of production capacity across regions, transformation and upgrading of production lines, focus on advantageous businesses, and structural optimization of human resources, and enhance the overall profitability and comprehensive competitiveness of the European business.

The entire plan will be driven by the company's wholly-owned subsidiary HBF (registered in France, mainly engaged in the production and sale of brass bars, profiles and wires) production capacity adjustment and personnel optimization. The company plans to transfer and concentrate HBF's solid brass rod production capacity in an orderly manner to its German and Italian bases, achieve optimal allocation of brass rod production capacity within Europe, and optimize HBF's human resource structure for about 110 people. The cost of the “Employment Protection Plan” (PSE), which involves personnel optimization, is initially estimated to be around 12.5 million euros, which is expected to have a certain impact on the company's 2026 business performance.

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