On 23rd September, 2024, Ka Shui Technology (Huizhou) Co., Ltd., a subsidiary of Ka Shui International Holdings Limited (stock code: 822) ("Ka Shui International"), successfully won the bid and acquired the "Semi-Solid Injection Molding Magnesium Alloy Electric Drive Housing Trial Production Project" from the Shenzhen Research Institute of Shanghai Jiao Tong University. This achievement marks that lightweight magnesium alloy materials will be further used in new energy vehicles. This significant outcome does not only manifest Ka Shui International's leading position in magnesium alloys industry, but also provides new impetus for the development of China's new energy vehicle industry.

Magnesium alloy semi-solid die casting technology emerges as a key point for the rapid development of the die-casting industry in the future. Compared with traditional die-casting products, semi-solid magnesium alloy die-cast products exhibit superior quality, enhanced mechanical properties, precise dimensions, and exceptional corrosion resistance.

Ka Shui International has been consistently dedicated to technological innovation and product research and development. Possessing profound technical foundation and extensive practical experience in magnesium alloys industry, the enterprise propels development through innovation and dominates the market with quality. This successful bid is attributed to Ka Shui International’s years of technological accumulation and innovation. Ka Shui International will seize this opportunity to further expand investment in technological research and development, continuously improve product quality and service standards, and provide customers with higher-quality products and solutions.