NBJF has been awarded a designated project for passenger car seat assemblies with an estimated total amount of 2.52 billion yuan

According to the Zhitong Finance APP, Jifeng Co., Ltd. (603997.SH) announced that its wholly-owned subsidiary Jifeng Seating (Hefei) Co., Ltd. (referred to as "Jifeng Seating (Hefei)") recently received a designated email. Jifeng Seating (Hefei) has been designated for a seat assembly project by a leading OEM (name cannot be disclosed due to confidentiality agreement, referred to as "customer"), and will develop and produce front seat assembly products for the customer. According to the customer's plan, mass production for this project is expected to start in September 2025, with a project lifecycle of 5 years and an estimated total amount of 2.52 billion yuan over the lifecycle