Junya Technology has outlined plans to invest a substantial sum of 1.557 billion yuan in the development of a project designed for the annual production of 600,000 square meters of high-multi-layer and High-Density Interconnect (HDI) circuit boards. This ambitious undertaking will be executed in two distinct phases, with the responsibility falling to its wholly-owned subsidiary, Longnan Junya, operating within its current factory facilities. The initial phase will entail an investment of 628 million yuan and is projected to achieve an annual production capacity of 340,000 square meters. Subsequently, the second phase will see an additional investment of 929 million yuan, further augmenting the annual production capacity by 260,000 square meters. At present, the project is pending the necessary approvals from both the shareholders' meeting and relevant government authorities before it can proceed.