On June 29, Zhejiang Wansheng Smart Technology Co., Ltd. made an announcement stating that its board of directors had given the green light to the proposal for investing in and establishing the "Wansheng Green Smart Equipment Industrial Park Construction Project." This project is set to be developed on plot TSF080801-05 within the Tiantai Economic Development Zone. The total investment budget for this endeavor is capped at 504 million yuan. The construction phase is anticipated to span 36 months, and the necessary funds will be sourced from the company's internal reserves or raised independently. The primary objectives of this project include expanding the company's core production capabilities in areas such as smart distribution networks, automotive electronics, intelligent microgrid systems, and metering transformers. Additionally, it aims to boost operational efficiency and capitalize on emerging market opportunities.