Linglong Tire announced that the company plans to establish Linglong Tire Company in Egypt at its own expense or through its subsidiaries, to invest in overseas investment and construction projects, with a total investment of 270.01 million US dollars, or 1,835 million yuan. The construction site is located in Al Arab, Alexandria Province, Egypt. The construction period is 2 years, and the annual production capacity after completion is 6 million sets of semi-steel radial tires, with an estimated annual revenue of 1,178 million yuan and annual net profit of 235 million yuan. The investment still needs to be approved or filed by the relevant authorities of China and Egypt, and there is uncertainty about the progress of the project and the achievement of benefits.

Linglong Tire announced that the company plans to establish Linglong Tire Company in Egypt at its own expense or through its subsidiaries, to invest in overseas investment and construction projects, with a total investment of 270.01 million US dollars, or 1,835 million yuan. The construction site is located in Al Arab, Alexandria Province, Egypt. The construction period is 2 years, and the annual production capacity after completion is 6 million sets of semi-steel radial tires, with an estimated annual revenue of 1,178 million yuan and annual net profit of 235 million yuan. The investment still needs to be approved or filed by the relevant authorities of China and Egypt, and there is uncertainty about the progress of the project and the achievement of benefits.