According to Chinatungsten Hi-Tech's announcement, Jinzhou Company, a holding subsidiary of the company, plans to implement a construction project with a production capacity of 155 million units/year for multi-layer boards, with an estimated total investment of 189 million yuan. The capital is 174 million yuan from its own capital and 15 million yuan in bank loans. The project will be implemented as a leased plant in the East District of the Shenzhen base. The construction period will be one year, and production will be completed in the second year. According to estimates, the internal rate of return on project investment finance is 12.78%. The company said that the implementation of the project is conducive to increasing Jinzhou's product production capacity, market share and profitability, and consolidating its market position. It is expected that it will not have a significant impact on the company's financial situation and operating results in the short term.

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