(Head office: Foshan City, Guangdong Province; Chairman: Ryosuke Furusawa; hereinafter "Nanfang Gaoxu"), a Chinese subsidiary responsible for manufacturing outdoor lighting equipment, will build a new plant with a total area of 8,556 (4floors) to increase the production capacity and quality of outdoor lighting equipment. The new plant will have a total area of 8,556 square meters (4floors). The new plant is scheduled to start operation in February 2024 (Construction will be started in January 2023).

The total factory area of Nanfang Gaoshu will be increased from the current 1,814.6 m2 to 8,556m2, a 4.7-fold increase. The company will consolidate all functions of "office, product development/quality control, processing/manufacturing/product inspection, and distribution warehouse into the new factory to improve the production efficiency. Also, the company will handle further demand in future by the new automation processes of inspection covered by the capital investment.

In addition, the production area will be expanded from 513 m2 to 2,116 m2 (3rd-4th floor), approximately four times the current size, and the number of employees can be increased to approximately 200, enabling a significant increase in production capacity. The new facility will have the flexibility to expand to accommodate new business development in the future, such as OEM in overseas markets, LED sign manufacturing, and mass production of B-to-C products, in addition to the current production of outdoor lighting equipment.