On November 7, Gelunhui: Shanghai Ailu (301062.SZ) announced that on November 7, 2024, the company received a letter from the Jinshan District Engineering & Construction Project Approval Review Center of Shanghai regarding the phased acceptance of industrial paper packaging, composite plastics packaging, and new materials production construction projects: Aichuang Packaging's new factory phased acceptance (workshop factory buildings involving printing and bag-making production processes) was conditionally approved.

As of the disclosure date of the announcement, the company's new factory project has completed the installation, commissioning, trial production of the first bag-making production line, which is currently in operation; the remaining four bag-making production lines are expected to be put into operation in batches starting from the fourth quarter of 2024 based on the company's existing orders and operational situation.

After the new factory is fully completed, it is expected to achieve an annual production capacity of 600 million industrial paper packaging bags and 46 sets of smart packaging equipment production lines, resulting in an estimated additional output value of 2301.8 million yuan.

As of the disclosure date of the announcement, the company has completed a total capital increase of 80 million yuan for Aichuang Packaging, with the remaining 40 million yuan in capital increase expected to be paid in full by the end of 2024. After the completion of the above-mentioned capital increase, the company will urge Aichuang Packaging to promptly handle the business changes with the Market Supervision Bureau.