Gelonghui, January 3, 丨 Nanxing Co., Ltd. (002757.SZ) announced that the company held the 18th meeting of the 4th board of directors on January 3, 2024 to review and pass the “Proposal on Proposed Project Investment Agreement”. This bill still needs to be submitted to the company's shareholders' meeting for consideration. In order to further optimize the company's production layout and promote the development of the company's production and operation and the improvement of operating efficiency, the company plans to sign the “Nanxing Intelligent Equipment Production Base Project Investment Agreement” with the Dongguan Houjie Town People's Government to invest in the construction of an intelligent equipment production base project, which will mainly manufacture high-end CNC equipment for home manufacturing such as smart edge banding machines, smart workstations, and intelligent production lines. The total investment of the project is expected to be no more than 1.3 billion yuan, depending on the project construction plan and needs to be invested in instalments.