FAWAY: Received the notification letter for the seating project from a well-known joint venture and independent brand customer

FAWAY announced that the company recently received a notification letter from a well-known joint venture brand and a well-known independent brand OEM, indicating that it will develop seat products for their vehicle models. The project is expected to start mass supply in August and September 2026, respectively, with an expected lifecycle of 7 years and 8 years, and the total sales amount over the lifecycle is estimated to be RMB 1.9 billion and RMB 3.2 billion, respectively