Koren Intelligent Control: plans to invest 1.289 billion yuan in the Economic Development Zone of Jiangshan City, Zhejiang Province.

Kerun Smart Control announced that the company plans to implement the project of upgrading and expanding the intelligent new energy power grid equipment production line in the Nancheng Industrial Park of Jiangshan Economic Development Zone, Zhejiang Province, with a total investment of 1.289 billion yuan, to be carried out in two phases. The first phase of the project will invest 662 million yuan to establish a new production line for electric transformers with an annual output of 10 million kVA and 8 million kVA of 330-500kV main transformers, ultimately achieving an additional capacity of 18 million kVA transformers. The second phase of the project will invest 627 million yuan to build a project with an annual output of 30 million kVA transformers. Currently, only the first phase of the project is being implemented, and the implementation of the second phase will be determined based on the progress of the first phase.