On September 10th, DunAn Environment made a public announcement stating that its board of directors had given the green light to a proposal. This proposal entails signing the 'Investment Project Cooperation Agreement' with the Administrative Committee of Zhuji Economic Development Zone and Zhuji New City Investment.

Under this agreement, DunAn Environment is set to embark on the construction of the 'DunAn Environment Intelligent Manufacturing Headquarters Base' project. The project is slated for a total investment of around 5 billion yuan and will be executed in two distinct phases. Its primary focus will be on the research and development of core components essential for refrigeration and thermal management systems in new - energy vehicles.

It's important to note that this investment is still pending approval from the shareholders' meeting. Moreover, it does not fall under the category of a related - party transaction or a major asset restructuring. The funds required for the project will be sourced from the company's internal resources and self - raised capital.

During the project's implementation, there could be potential risks associated with its execution, funding availability, and market conditions. Nevertheless, the company expressed optimism about the project. It stated that once the project is up and running, it will contribute to expanding production capacity and bolstering the company's competitiveness. In the long run, the project is anticipated to have a positive impact on the company's overall operations.