On June 18, Sirui New Materials made an announcement stating that its fourth board of directors, at its 12th meeting, had thoroughly reviewed and given the green light to the investment proposal for the 'R&D and Manufacturing Base for Electrothermal Functional Materials'. The overall investment for this ambitious project stands at a staggering 919 million yuan. Specifically, 479 million yuan is earmarked for the '40 Million Pieces of Optical Module Chip Substrates and Housing Materials Project', while the remaining 440 million yuan is designated for the '1,290-Ton High-Voltage Switch Contacts and Components Project'. The project is slated to span five years, with the anticipated operational launch set for December 2030. As for the funding, Sirui New Materials will rely on its own resources to finance the project. At present, administrative approvals pertaining to project land acquisition, filing, environmental impact assessment, and energy assessment are still pending completion.