Wisdom Financial App News, Nanshun (Hong Kong) (00411) announced that on November 8, 2024, the company's wholly-owned subsidiary, Nanshun Home Care Products and the Nanshun Home Care Products related to Conghua Economic Development Zone have entered into an investment agreement to build a new home care product manufacturing plant. Under the agreement, Nanshun Home Care Products is expected to invest a total of RMB 0.337 billion in the project; and Conghua Economic Development Zone will deliver the land and assist Nanshun Home Care Products (including) in obtaining relevant government approvals, approvals, and permits for the project.

The company remains committed to strengthening the supply chain and ensuring the continued growth of the home care business in mainland China and Hong Kong. Given the current and expected business momentum of the home care division, the new plant will enhance the quality of the company's core market products and product supply certainty, and enhance the company's ability for long-term effective expansion. As the company further expands its product portfolio and diversifies its products, the new plant's new research and development infrastructure and capabilities will also enhance the company's ability to innovate and develop new products. The new plant is expected to commence operations in the 2026/27 fiscal year.