On April 20, 2026, the groundbreaking ceremony for the new headquarters of Shanghai Spande was grandly held in Maqiao Town, Minhang District, Shanghai. This is a highly significant moment in Spande's development history, marking a solid and powerful step forward in the company's journey to "build a world-class brand".

The new base is located in the Shanghai Maqiao Artificial Intelligence Innovation Zone, covering a construction area of 30,000 square meters.The total investment in the new base is approximately 265 million CNY, and it is expected to achieve an annual output value of 1.7 billion CNY and a tax revenue of 75 million CNY by 2030. The new base is expected to be completed in early 2027. The Shanghai Maqiao Artificial Intelligence Innovation Zone, this national-level AI highland, is rising as a world-class "city of the future". In this area, the industrial foundation is solid, various resource facilities are complete and abundant, and transportation is convenient, with only a 30-minute drive to both Shanghai Pudong and Hongqiao International Airports. Here, it will become the core base for Spande to optimize its ,management ,significantly enhancing production capacity, manufacturing quality and delivery capabilities.

Since the inception of its medium-term development strategy in 2025, Spande has remained firmly committed to the ambitious goal of "expanding production capacity fivefold within three years and achieving comprehensive global market expansion." From blueprint to reality, from conception to foundation laying, every step has been infused with the wisdom and hard work of all Spande employees.

At the groundbreaking ceremony, Mr. Steven Ye, the company's general manager, said, "The groundbreaking is not only a starting point but also a commitment. Every shovel of earth and every brick laid today will build a solid foundation for Spande's high-quality development; every brick and tile laid tomorrow will construct a broad stage for us to enter the global market."

With over a decade of dedicated expertise in the printing and packaging sector, Spande has achieved remarkable accomplishments across various segments including labels, flexible packaging, tubes, lottery tickets, and high-speed post-press packaging for tobacco. We are consistently driving advancement through innovation, serving global clients with elevated standards, and continuously strengthening Spande's core competitiveness within the industry.

Looking forward, leveraging the establishment of our new production facility, the company will focus on developing highly integrated intelligent production lines across full-web formats. This initiative aims to establish one-stop, high-efficiency web-based production as a new industry benchmark.

About Maqiao

Maqiao Town, strategically situated within the southern industrial core zone of Minhang District, Shanghai, serves as the departure point for the China-Europe Railway Express (Shanghai). It hosts the annual Shanghai ATP Masters 1000, the only tournament of its category in Asia. The Maqiao Artificial Intelligence Innovation Zone, recognized as one of Shanghai's four major core areas, is home to over 2,000 enterprises, including 24 Fortune Global 500 companies.

Beyond its strong industrial foundation, Maqiao is deeply rooted in historical and cultural significance. Recognized as the cradle of ancient Shanghainese civilization, the 4,000-year-old Maqiao Culture is often regarded as "the origin of Shanghai." Historically, successive national leaders have cared about and visited Maqiao successively.