Li Island New Materials: Plans to invest approximately 280 million yuan to build a new battery aluminum foil expansion project.

On March 17th, Lido New Material Co., Ltd. announced that its wholly-owned subsidiary, Anhui Lido, plans to build a new battery aluminum foil expansion project with an investment of approximately 280 million yuan. The investment will mainly be used for equipment procurement and factory construction. The project will effectively coordinate and match with the existing Phase I project, improve production line utilization and overall operational efficiency by sharing some production resources and optimizing production schedules, and achieve capacity synergy effects.