GDM Plans to Invest RMB 500 Million in Project with Annual Production Capacity of 130 Million Meters of Electronic-Grade Fiberglass Cloth

Zhitong Finance APP News: GDM (002636.SZ) issued an announcement stating that the company plans to invest in the construction of a new "Annual Production of 130 Million Meters of Electronic-Grade Fiberglass Cloth Project" in Ningguo City, Anhui Province, with a total investment of approximately RMB 500 million. Upon completion, the project will effectively safeguard the supply security of the company's core raw materials, establish a secure and stable supply chain system to cope with the current shortage of electronic-grade fiberglass cloth in the market, promote the steady improvement of the company's operational quality and efficiency, and further consolidate the company's core competitiveness.