Xian Novastar Tech (301589.SZ) plans to invest no more than 650 million yuan to construct the Future Display Bay Area Technology Park project.

Xian Novastar Tech (301589.SZ) has announced that in order to better support and quickly respond to customer needs, and further enhance the company's overall competitiveness, its wholly-owned subsidiary Nova Digital Technology plans to invest in the construction of the Future Display Bay Area Science Park project. The total investment in the project will not exceed 650 million RMB. This project closely aligns with the company's main business layout, conforms to national industrial policies, industry development trends, and the company's medium- to long-term development strategic plan. Once the project is completed and put into production, it will help enhance localized service capabilities, further shorten the service radius, better respond to regional customer demands, solidify the customer base, increase customer stickiness, and improve the sales and supporting service levels provided to customers, fully matching the market demand for diversified and high-end new display products. Meanwhile, the project will optimize the company's resource allocation, closely align with the demand for cutting-edge market products, and expedite the research and development iteration of display chips and display production equipment; through optimizing and upgrading production processes, it will effectively enhance product testing efficiency, shorten product delivery cycles, and comprehensively improve the company's overall operational efficiency and business performance.