[Luozhou Axis Co., Ltd.: Plans to invest 770 million yuan in the construction of aviation bearings and rail transit bearing projects] On September 23rd, Luozhou Axis Co., Ltd. (301699.SZ) announced that the company’s board of directors reviewed and approved two investment proposals and planned to invest in the construction of high-reliability civil aviation bearing development and production capacity improvement projects, with a total investment of 389 million yuan, and a construction period of 3 years. After completion, it will form It has an annual production capacity of approximately 140,000 sets of high-reliability civil aviation bearings; it also plans to invest in the development and industrialization project of bearings for high-speed rail, standard subway and standard urban trains, with a total investment of 381 million yuan and a construction period of 3 years. After completion, it will form an annual production scale of approximately 480,000 sets, which can be used in rail transit equipment such as high-speed EMUs, standard subway trains and urban express rails.