WBD signed a contract for the Huainan Environmental Protection New Materials Automotive Interior Project with a total investment of 1 billion yuan

According to the announcement from WanBanda (300055.SZ), in order to effectively expand the company's business areas and industrial layout, and enhance its competitive advantage in the new materials field, the company (hereinafter referred to as "Party B") plans to sign the "Huainan Environmental Protection New Materials Automotive Interior Project Contract" with the Huainan High-tech Industrial Development Zone Management Committee (hereinafter referred to as "Party A"). The total planned investment for the project is expected to be 1 billion yuan, with the project being carried out in phases. The first phase of investment is expected to be 200 million yuan, which will establish 4 production lines for automotive interior leather.

This external investment will fully leverage the company's mature technological advantages and regional industrial synergy effects, forming an integrated industrial chain of "R&D - Production - Sales" driven by both policy dividends and market demand. After the project is implemented, it will not only create new profit growth points for the enterprise but also enhance the company's competitiveness in the synthetic leather industry through lightweight and high-performance TPE products, while also assisting Huainan in building a low-carbon industrial chain to achieve a win-win situation in economic and ecological benefits