According to the announcement from Sunrise Garment (605138.SH), the company is actively expanding its overseas production bases in line with its long-term development strategy for a fully independent and circular industrial chain. It has signed an "Investment Agreement" with the Kingdom of Morocco, planning to invest in the "Sunrise (Morocco) Green Textile Industrial Park Project." The products of this project will mainly include high-end cotton yarn, high-end fabrics, and high-end garments. The total investment for the project is expected to not exceed 2.29 billion Moroccan Dirhams (approximately 1.716 billion RMB), with the final investment amount based on actual expenditures.

The project plans to purchase land totaling approximately 34 hectares, construct new production workshops and supporting facilities, acquire production equipment for spinning, weaving, dyeing, and garment manufacturing, and build a heating center and wastewater treatment center. It aims to achieve an annual production capacity of 100,000 spindles of high-end cotton yarn, 10,800 tons of high-end dyed fabrics, 15 million meters of high-end woven fabrics, and 22 million high-end garments, establishing a green textile industrial base in Morocco.

The announcement states that as a multinational enterprise with a global layout, the company is seizing the excellent opportunity presented by the rapid development of Morocco's textile and apparel industry. In conjunction with its long-term development strategy, actively establishing a textile production base in Morocco is also a concrete response to the "Belt and Road" policy initiative. This move is beneficial for the company to expand and optimize its global business layout, enhance its global influence, further improve its core competitiveness, and increase its overall profitability in the future, aligning with the company's actual development needs