Zhitong Finance App News, Nanya New Materials (688519.SH) issued an announcement. Based on the overall strategic layout and business development needs, the company plans to invest in the construction of a high-end electronic circuit substrate base construction project to speed up production capacity planning and industrial layout. The project is being implemented by the wholly-owned subsidiary Jiangsu South Asia. It plans to purchase land to build a new production base in the Haimen Economic and Technological Development Zone in Jiangsu Province. After completion, the production base will further increase the company's production capacity to support the company's future industrialization needs for high-end electronic substrates such as high-frequency, high-speed and IC packaging materials, thereby promoting the continuous growth of the company's business scale and enhancing the company's overall competitiveness and profitability. The total investment for the project is approximately RMB 1.2 billion.