Aike Co., Ltd. announced that Yongchuang Xiangyi, a wholly-owned subsidiary of the company, plans to sign a tripartite “Project Investment Agreement” with the Huizhou Longmen Industrial Park Management Committee and Longmen County Industrial Park Investment and Development Co., Ltd. to establish a wholly-owned subsidiary company in Huizhou City, Guangdong Province. The total fixed asset investment of the project is about 360 million yuan, of which Yongchuang Xiangyi's fixed asset investment is not less than 160 million yuan. The climbing period of the project is 2 years, and the annual production capacity is 238 million square meters/year for the production of functional special tape at full production. The subsequent implementation of the project requires multiple preliminary approvals, and the establishment of a wholly-owned subsidiary also requires registration and approval, all of which are uncertain.

Aike Co., Ltd. announced that Yongchuang Xiangyi, a wholly-owned subsidiary of the company, plans to sign a tripartite “Project Investment Agreement” with the Huizhou Longmen Industrial Park Management Committee and Longmen County Industrial Park Investment and Development Co., Ltd. to establish a wholly-owned subsidiary company in Huizhou City, Guangdong Province. The total fixed asset investment of the project is about 360 million yuan, of which Yongchuang Xiangyi's fixed asset investment is not less than 160 million yuan. The climbing period of the project is 2 years, and the annual production capacity is 238 million square meters/year for the production of functional special tape at full production. The subsequent implementation of the project requires multiple preliminary approvals, and the establishment of a wholly-owned subsidiary also requires registration and approval, all of which are uncertain.