Wanshun New Material plans to invest in the establishment of a wholly-owned subsidiary, primarily engaged in the aluminum-plastic film business

According to the announcement from Zhitong Finance APP, Wanshun New Material (300057.SZ) has announced that based on the company's future strategic planning and the needs of its main business development, it intends to establish a wholly-owned subsidiary, Anhui Zhongji Aluminum-Plastic Film Technology Co., Ltd. (the specific name is subject to industrial and commercial registration, hereinafter referred to as "Zhongji Aluminum-Plastic Film Company"), using its own funds of RMB 100 million from its wholly-owned subsidiary Jiangsu Zhongji New Energy Technology Group Co., Ltd. The main business will focus on aluminum-plastic film, and the registered capital will be paid in stages according to business progress.

This investment is based on the company's future strategic planning and the needs of its main business development, aiming to further improve the industrial layout of the company's new energy materials business, enhance the company's core competitiveness and comprehensive strength, and promote the company's long-term sustainable development. Aluminum-plastic film is a key material for the packaging of soft-pack battery cells. The development of the new energy vehicle market and the increase in the penetration rate of soft-pack power batteries provide a broad market space for aluminum-plastic film products. At the same time, the development and industrialization process of solid-state battery technology is expected to drive accelerated growth in the demand for aluminum-plastic film