Ningde Times announced on the evening of August 11 that the company plans to focus on its main business and invest in high-quality listed companies upstream and downstream of the domestic and foreign industrial chain through securities investment. The total investment shall not exceed 50% of the net assets audited at the end of 2019, that is, no more than 19.067 billion yuan or equivalent currencies, of which the total overseas investment will not exceed 2.5 billion US dollars.