Anwei High-tech: invests 20.45 million yuan to establish Hefei Pilot New Materials Company.

Wanwei High-tech announced that the company plans to jointly invest 20.45 million yuan with Anhui Juchao Economic Development Zone Investment Co., Ltd. to establish Hefei Pilot New Materials Co., Ltd., and participate in the construction of Hefei Chemical New Material Pilot Base. Among them, Anhui Juchao Economic Development Zone Investment Co., Ltd. will contribute 12.27 million yuan in cash, holding 60% of the shares; the company will contribute 69.63 acres of land use rights valued at 8.18 million yuan, holding 40% of the shares. The proposal has been approved by the board of directors, and the company signed a cooperation agreement on March 18. This investment may face risks such as changes in industrial policies and long profit cycles for pilot projects.