According to the Zhitong Finance App, Haiwei Co., Ltd. (09609) issued an announcement regarding the latest production line expansion plan for its factory in southern China. To facilitate the implementation of the above plan, the board of directors is pleased to announce that on November 9, 2026, Zhejiang Haiwei, a wholly-owned subsidiary of the company, signed a construction contract with Changxing COSCO (as a contractor). According to the construction contract, the contractor will be responsible for the construction of an office building and a plant in the southern China factory at a cost of RMB 62.5889 million.

The Group is mainly engaged in the manufacture and sale of capacitor film products in China. Its main products include capacitor base films and metallized films. The construction of an office building and plant at the South China plant will provide the production, storage and administrative facilities required to support the Group's plans to expand its ultra-thin capacitor substrate production capacity. The project is also expected to enhance the Group's R&D capabilities and enhance its core competitiveness. Therefore, entering into a construction contract will facilitate the implementation of the expansion plan and support the Group's future business development.

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