Jiangsu Zhongchao Holding announced that its subsidiary, Jiangsu Jingzhu Casting, will invest 100 million yuan in the first phase of expanding the aviation and aerospace engine and gas turbine high-end component manufacturing project. Jingzhu Casting has the capability in precision casting of high-temperature alloy and has entered the core customer supply system. This investment will be used to build a dedicated factory and purchase key equipment to meet the rapid growth in market orders. The project is expected to have a construction period of 2 years and add 300 million yuan in sales revenue after reaching production capacity.