On June 1, GRINM Advanced Materials made an announcement revealing that, in alignment with the company's strategic vision and operational requirements, it is set to embark on the 2026 investment initiative. This will involve a substantial investment of 150 million yuan in the inaugural phase of the 'Advanced Metal Matrix Composites Industrialization Project,' a venture undertaken by GRINM Metal Matrix Composites (Langfang) Co., Ltd. This project represents a strategic extension, dedicated to advancing the industrialization of cutting-edge metal matrix composites, thereby bolstering the company's industrial prowess and competitive edge on a broader scale.

The financial allocation for this ambitious project will be a blend of self-raised funds and bank loans, with the precise allocation ratio to be fine-tuned based on subsequent funding strategies. At present, the groundwork for the project's construction is well underway, with the project advancing steadily and methodically as per the predefined timeline. However, it's important to note that this investment blueprint is still subject to the formal endorsement of the company's shareholders' meeting.