Hailiang Co., Ltd.: The controlling subsidiary plans to invest 5.05 billion yuan to build an annual 67.5k-ton copper foil production line project.

Hailiang Co., Ltd. (Announcement): Its controlling subsidiary, Gansu Hailiang New Energy Materials Co., Ltd., plans to invest in and build a copper foil production line project with an annual output of 67.5k tons in Zhuji City, Zhejiang Province. The project will be carried out by establishing a wholly owned subsidiary, Zhejiang Hailiang New Energy Materials Co., Ltd., with investment from Gansu Hailiang as the implementation entity. It will be built in three phases, and is expected that upon full commissioning it will form an electrolytic copper foil production capacity of approximately 67.5k tons per year. The project’s total investment is expected to be RMB 5.05 billion, of which the fixed-asset investment is expected to be RMB 3.85 billion.

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