Xiamen Tungsten New Energy made an announcement, revealing that its holding subsidiary, Ya'an Xiamen Tungsten New Energy, intends to allocate 723 million yuan towards the construction of a new project. This project is set to achieve an annual production capacity of 40,000 tons of lithium iron (manganese) phosphate. The investment breakdown includes 676 million yuan for fixed asset investments and 47 million yuan for initial working capital, both of which will be funded through the company's own resources and self-raised financing. The project is slated to span 18 months, with production expected to commence in June 2028. Upon completion, Ya'an Xiamen Tungsten New Energy's annual production capacity for lithium iron (manganese) phosphate will soar to 120,000 tons. This investment decision has received the green light from the board of directors and does not necessitate further deliberation at the shareholders' meeting. Furthermore, it does not involve any related-party transactions or major asset restructuring activities.