According to the announcement from Meihu Intelligent Manufacturing (603319.SH), in order to support the construction of the Chengdu-Chongqing economic circle and accelerate the development of the "33618" modern manufacturing cluster system in Chongqing, the company responds to the Chongqing municipal government's initiative to move towards "new" and collaborates on the "intelligent" automotive industry development strategy. This is also aimed at enhancing the company's ability to provide nearby supporting services to core customers and accelerating the development speed of the company's core and innovative products. The company, based on the layout needs for the production of pump products and joint module products, has passed the proposal on external investment and signing the "Project Cooperation Agreement" with the Investment Promotion Center of Shapingba District, Chongqing, at the 18th meeting of the 11th Board of Directors held on March 22, 2025. The company plans to sign the "Project Cooperation Agreement" with the Investment Promotion Center of Shapingba District, Chongqing, with a total planned investment of approximately 700 million yuan, and an initial investment of 200 million yuan.

The total planned investment for the project is approximately 700 million yuan, with an initial investment of 200 million yuan. The project is planned to occupy 53 acres (area subject to actual measurement after the transaction) and will establish the Meihu Intelligent Manufacturing Western Production and R&D Base project in Shapingba District, Chongqing, mainly focusing on the R&D and production of four major product categories: variable displacement pumps, electronic pumps, harmonic reducers, and joint modules