CPIC Plans to Invest RMB 1.158 Billion in High-Performance Electronic Fiber Cloth Project

Zhitong Finance APP News: CPIC (301526.SZ) announced that the company plans to invest RMB 1.158 billion in the High-Performance Electronic Fiber Cloth (Longshan) Project, including RMB 1.126 billion for construction investment, RMB 20.236 million for initial working capital, and RMB 12.159 million for interest during the construction period. The project will be funded by internal funds and bank loans. The production scale is set at an annual output of 111 million meters of electronic-grade fiberglass cloth. This project will help address business shortcomings and improve the company's market share and product competitiveness in the high-end electronic cloth sector.