Shanghai Yanpu Company received two new project designation notices, which are expected to bring significant revenue growth

Shanghai Yanpu Company recently received two new project designation notices from two different customers. The first project is the production of complete seats for a company in Shenzhen. The company will supply automotive seat frame assembly products to it. The project life cycle is five years (2025 to 2030) and is expected to generate approximately RMB 509 million in operating income. The second project is the production of complete seats for a company in Huizhou. Shanghai Yanpu will also supply automotive seat frame assembly products. The project life cycle is also five years (2025 to 2030) and is expected to generate approximately RMB 720 million in operating income.