Damon Technology Subsidiary Moandi Signs Agreement with Taicang High-Tech Zone to Build Permanent Magnet Motor Base

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Moandi Suzhou Motor Technology Co., Ltd., a core subsidiary of Damon Technology, has officially signed an agreement with Taicang High-Tech Zone to invest in the construction of a research, development, and production base for energy-saving integrated permanent magnet motors. The base will be invested in and built by Moandi, focusing on the research, development, and production of energy-saving integrated permanent magnet motors. Damon Technology is the parent company of Moandi, with stock code 688360.SH.

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莫安迪（苏州）电机技术有限公司Private▲ Positive
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Moandi, the subsidiary, is the direct party signing the agreement to invest in the new base.

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