Weiwei Co., Ltd. announced that Xuzhou Weiwei Food Biotechnology Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in the construction of a plant-based biological intelligent manufacturing plant project. The project will be built in two phases. The first phase will invest about 321 million yuan, with a planned land area of 46626.90 square meters. The total construction area of the first phase is about 26127.00 m2. The construction period is 2 years, and the return on investment is 10.50%. The matter has been reviewed and approved by the 16th meeting of the 9th board of directors of the company. It still needs to be submitted to the shareholders' meeting for consideration, and construction of the project has not yet begun.

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