Neway Valve announced that its subsidiary, Neway Fluid Control (Suzhou) Co., Ltd., plans to开展 the "Neway Fluid Phase II Expansion Project," with an investment amount of no less than 0.5 billion yuan, funded by the company’s own resources. The project is expected to be completed and put into production by June 2027, involving the construction of approximately 0.02 million square meters of production plant and supporting facilities, and the addition of more than 2 industrial valve production lines. The project site is located north of the Neway Fluid Phase I and east of the China Automotive Engineering Research Institute, covering an area of approximately 48.72 acres. This investment still requires submission to the Shareholders' meeting for review, does not involve related party transactions, and does not constitute a significant asset reorganization.