Aisen Co., Ltd. issued a notice stating its intention to set up a wholly-owned subsidiary within the Nantong Economic and Technological Development Zone. This strategic move aims to facilitate the investment and construction of the Aisen Integrated Circuit Materials East China Manufacturing Base Project, which carries an estimated total investment of 2 billion yuan.

The project will be executed in two distinct phases. Phase I is slated to commence production in 2028, followed by Phase II in 2030. By 2035, the entire project is anticipated to achieve its full production capacity. The implementation of this ambitious project will be entrusted to the newly proposed entity, Nantong Aisen Core Materials Technology Co., Ltd.

Regarding the funding, the initial capital will be drawn from the company's internal reserves and self-raised funds. However, for subsequent financing needs, the company may explore options such as debt and equity financing methods to ensure the smooth progression of the project.