According to the Zhitong Finance APP, Lily Group (603823.SH) announced that the company has signed a "Project Investment Agreement" with the Hangzhou Qiantang New District Management Committee, intending to invest in the construction of a high-performance organic pigment and supporting materials industrialization project in Qiantang District, Hangzhou. The new project will focus on industrial investment in products used in high-end coatings, inks, and polymer materials coloring. The total investment for the project is expected to be 1 billion yuan, with the specific amount based on actual investment.

This project investment aligns with market development needs and the company's strategic development plan, helping the company seize market opportunities, achieve continuous business growth, further enhance the production scale and profitability of high-performance organic pigments and supporting materials, and improve the company's core competitiveness