Hengyang Heli Industrial Vehicle Co., Ltd.

Anhui Heli Co., Ltd. announced that its wholly-owned subsidiary Hengyang Heli Industrial Vehicle Co., Ltd. plans to invest approximately 660 million yuan to build an expansion and smart manufacturing southern base project in Hengyang, China. The project will produce 46,500 units per year of new energy electric forklifts, internal combustion forklifts, and explosion-proof forklifts, with a total construction period of about 5 years.