Recently, Fucheng Auto Parts Co., Ltd. and Chaohu Municipal People's Government reached an agreement on the production and investment of auto interior and exterior trim parts, and held a signing ceremony for the "annual production capacity of 25 million pieces of auto interior and exterior trim parts investment project" in the afternoon of March 24th, with Wu Mingzhe, Director of the Standing Committee of Chaohu Municipal People's Congress, Miao Ningning, Vice Mayor of Chaohu Municipal Government, Fucheng Group Chairman Fang and deputy Chairman Huang attended the signing ceremony.

This investment project is an important step in the development of the company's 2025 strategy, further improving the company's production layout in China, meeting the production needs of the company's strategic development, and injecting a shot in the arm for the company's mission of pursuing excellent performance and building a century of Fucheng.

This investment project is located in Chaohu City, east of Hefei. The new plant is planned to cover an area of more than 80 acres and is the seventh production base in the company's development layout, and is expected to be SOP in the second half of 2023. The new Hefei plant will also be built to the standard of an intelligent factory. The new plant will become a new supporting base for the stock and incremental customers of Volkswagen (Anhui), NIO, BYD, Geely New Energy, JAC, Chery, SAIC Volkswagen Nanjing and Yizheng Branch, making "Fucheng Zhizuo" a stable and far-reaching company in the new era of auto racing full of opportunities and challenges.