Xingye Technology's subsidiary was awarded a project by an automobile OEM

Hongxing Automotive Leather, a holding subsidiary of Xingye Technology, recently received a "designated notice" for the leather interior of a certain model project of a certain automobile OEM, and will supply leather interior to customers. The project is expected to start in March 2025, with a project life cycle of 5 years and an estimated total life cycle amount of 1 billion yuan.