Xusheng Auto Technology expands project scope, extends completion to 2027

Ningbo Xusheng Auto Technology Co., Ltd. (Xusheng Group) has announced changes to its "Automotive Lightweight Structural Components Green Manufacturing Project." The company is adding Xusheng (HK) Trade Limited and Xusheng Mexico S DE RL DE CV as new implementing entities. The project's implementation locations will expand to include Hong Kong and Mexico. The expected completion date for the project has been extended from June 2026 to June 2027.

These adjustments aim to enhance the utilization efficiency of raised funds and optimize Xusheng Group’s global production footprint, particularly in North America. The decision, approved by the audit committee and the board of directors on September 15 and 16, 2025, respectively, reflects a cautious strategic move to meet market demands and support client orders more effectively.

The total investment, project content, and fundraising amount for the project remain unchanged. China Securities Co., Ltd., acting as the sponsor, has reviewed these changes and issued a special verification opinion, confirming that the adjustments align with regulatory requirements and Xusheng Group’s long-term development plans.