Yongzhen Co., Ltd. plans to invest 480 million yuan to carry out a technological upgrade project and extend the high-end aluminum alloy materials industry chain

[Finance News] On March 16, Yongzhen Technology Co., Ltd. (Stock Code: 603381, Stock Abbreviation: Yongzhen Shares) announced the resolution of the 13th meeting of the second board of directors, stating that the company plans to implement the “Annual Production of 70,000 Tons of Ultra-Wide Flat Wall Thin-Walled Extruded Aluminum Profiles and Deep Processing Products Technical Renovation Project” within its existing factory in Changzhou, Jiangsu Province, with a total investment of 480 million RMB.

The announcement shows that the project aims to implement the company’s overall strategic plan, fully leverage the industrialization advantages of the extrusion technology, and extend the high-end aluminum alloy material industry chain. The total investment of the project is detailed as follows:

Funding will come from the company’s own or self-raised funds. This proposal has been approved by the company’s second board of directors’ Strategy and ESG Committee in its fourth meeting. It was approved at this board meeting with 9 votes in favor, 0 against, and 0 abstentions. According to the “Shanghai Stock Exchange Listing Rules” and relevant provisions of the “Articles of Association,” this external investment does not require shareholder approval.

Yongzhen Shares stated that the implementation of this technical renovation project will help the company further expand the high-end aluminum alloy material market and enhance its core competitiveness. The company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or major omissions, and bear legal responsibility for the truthfulness, accuracy, and completeness of its content.

The board meeting was held on March 16, 2026, at the company’s conference room through a combination of on-site and communication voting, convened and presided over by Chairman Mr. Wang Xianli. The meeting notice and materials were sent to all directors via email and other methods on March 12, 2026. There were 9 directors expected to attend, and all 9 attended in person. The company’s board secretary and all senior management personnel attended the meeting. The convening, holding, and voting procedures of the meeting comply with the “Company Law of the People’s Republic of China” and other laws, regulations, and the Articles of Association, making the resolution legally valid.

For details about this external investment, investors can refer to the “Announcement on External Investment” disclosed on the Shanghai Stock Exchange website (www.sse.com.cn) on the same day (Announcement No.: 2026-017).

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