On July 23, Hanwei Technology made an announcement stating that, following a thorough review and approval at the seventh meeting of the seventh board of directors' session, the company has decided to finalize the funded investment project known as "Construction of a New Production Line for Annual Output of 190,000 Smart Instruments and Meters." The leftover funds, totaling approximately RMB 33.1358 million, will be permanently allocated to supplement working capital, thereby providing robust support for the company's day-to-day operational needs.
