On March 29th, along with the warm applause of the guests on the spot, the second phase project of the plant of Guangdong Monte-Bianco New Material Technology Co., Ltd, a subsidiary company of Monte-Bianco New Material, was successfully topped out, and the project construction has ushered in a new progress and entered into a new phase.

The second phase of the Xinxing Monte-Bianco plant project is located in Xinxing County, Yunfu City, and consists of a four-story and a three-story high plant. On June 28, 2023, the project was officially started, and was topped out on March 29 this year after nine months of full promotion.

The second phase project of Xinxing Monte-Bianco factory is an important part of the first industrial project put into production which was introduced and transformed and upgraded from Shunde District by Xinxing County under Shunde's counterpart assistance. The project has a total investment of 269 million RMB, a land area of 63,464m², a construction period of 2 years, and is scheduled to be completed in 2025.

After the project reaches production, it is expected that the annual production capacity of diamond tools will be increased by 18,735,000 pieces, which is of great significance in enhancing the technological innovation ability and scientific and technological achievements conversion ability of the Group, and promoting the development of Shunde District and Xinxing County's counterpart collaboration.

The project will be built into a high-performance diamond tools intelligent manufacturing production line, which will help Xinxing Monte-Bianco automated production line to be better applied and the level of intelligent manufacturing to be enhanced; at the same time, it will help the Group to rapidly expand the production capacity of diamond tools, and further consolidate and enhance the market position.

Next, the second phase project of Xinxing Monte-Bianco factory will continue to accelerate the construction with high quality and high efficiency standards, and make every effort to promote the project progress, and strive for the early commissioning of the project, in order to promote the high-quality development of the Group, and the development of the local new material industrialization to inject new vitality and create new value.