Defu Technology has declared its intention to enter into an agreement with the Administrative Committee of the Jiujiang Economic and Technological Development Zone. The company plans to invest around 3.1 billion yuan (comprising roughly 2.1 billion yuan for fixed asset investment and 1 billion yuan as working capital for subsequent operations) in the establishment of a high-end AI electronic circuit copper foil project, which is expected to have an annual output capacity of 50,000 tons. This project will be executed by Defu Technology's wholly-owned subsidiary, Jiujiang Amber New Materials Co., Ltd. The construction of the project will be divided into two phases, with each phase designed to produce 25,000 tons of copper foil per year. It is important to note that this investment is still pending approval from the shareholders' meeting and is subject to various risks, including project approval, funding challenges, and market capacity absorption.