Nasdaq-listed company Yibang International announced that its subsidiary has won a bid for an industrial land parcel in Xinghe County, Ulanqab City, Inner Mongolia Autonomous Region, planning to build a high-efficiency amorphous and nanocrystalline new material production base. It is reported that the project will leverage Inner Mongolia's wind power, photovoltaic resources, and clean energy policy advantages, focusing on the research and development and manufacturing of amorphous and nanocrystalline new materials. The production base will specialize in high magnetic permeability, ultra-low loss materials, with product performance meeting the latest transformer energy efficiency standards set by the U.S. Department of Energy (DOE). The products can be widely applied in photovoltaic, energy storage, new energy power conversion equipment, and smart data center scenarios.