According to the Zhito Finance APP, Earth-Panda Advanced Magnetic Material (688077.SH) has announced that to enhance the research and industrialization capabilities of high-performance flexible magnets and injection-molded magnets, and to improve the overall competitiveness and profitability of the company, it plans to establish Earth-Panda (Lujiang) Plastic Magnet Technology Co., Ltd. (tentative name) in the Lujiang High-tech Industrial Development Zone, Hefei City, Anhui Province.