According to the Tongguan Copper Foil announcement, the company plans to implement two production line technology transformation projects, with a total investment of 154 million yuan. The funding sources are owned and raised by itself. Among them, the electronic circuit copper foil product upgrade technology improvement project invested 66.012 million yuan to upgrade the existing foil machine and support additional surface treatment production lines; the Tongling Tongguan Electronic Copper Foil Surface Treatment Technology Improvement Project invested 88,1595 million yuan to convert part of the lithium battery copper foil production line to produce copper foil for electronic circuits. After completion, both projects were mainly high-value-added HVLP copper foil products. The construction period was 12 months. The project filing has now been completed, and approval such as EIA is still required. This matter does not constitute a major asset restructuring or related transaction, and has been reviewed and approved by the board of directors of the company.

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