Leon Wei announced that the company and the Nanhu District People's Government of Jiaxing City signed a “Project Investment Cooperation Framework Agreement” to invest in the construction of 200,000 12-inch light-coated substrates and 120,000 12-inch silicon epitaxial wafers per month. The total investment of the project is about 3 billion yuan, the fixed asset investment is about 2.9 billion yuan. The construction period is 5 years, and the annual output value is expected to exceed 1.3 billion yuan after full delivery.

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