Kedali invested 1.2 billion yuan to build a new energy battery precision structural parts production base project in Shenzhen

In order to further improve the production capacity layout of Shenzhen Kedali Industrial Co., Ltd. (hereinafter referred to as the "Company") in the precision structural parts of new energy vehicle power batteries, energy storage batteries, and consumer batteries, and to meet customers' production capacity matching needs, combined with industry development trends and the company's strategic planning, the Company intends to use self-raised funds of no more than RMB 1.2 billion to invest in the construction of the "Shenzhen New Energy Battery Precision Structural Parts Production Base Project" in Longhua District, Shenzhen.

Basic information of investment projects

1. Project Name: Shenzhen New Energy Battery Precision Structural Parts Production Base Project

(II) Total investment amount and source of funds: The total investment amount shall not exceed RMB 1.2 billion (maximum

The final total investment of the project shall be subject to the actual investment), and all funds are self-raised by the company.

(III) Project construction location: Fucheng Street, Longhua District, Shenzhen

(IV) Project construction period: approximately 2.5 years (subject to the actual construction situation).

(V) Project construction content: purchase of land; construction and renovation of workshops and factories for various production processes; purchase of advanced equipment required for the production of precision structural parts for new energy batteries and equipment installation, etc.

(VI) Project economic benefits: The project intends to build a high-quality, efficient, intelligent and automated production base, which will mainly produce precision structural parts for new energy vehicle power batteries, energy storage batteries and consumer batteries. After reaching full production capacity, the annual output value will be approximately RMB 3.3 billion (based on current market judgment, there is a risk that the expected output value target cannot be achieved due to changes in the market environment).