Hengxing New Materials announced that the relevant meeting of the third board of directors of the company reviewed and passed the subsidiary's investment project bill. Its two subsidiaries, Shandong Hengxing and Jiangsu Chenxing, are planning to launch separate production projects for natural organic estaric acid derivatives and new materials for special fine chemicals, with an estimated investment of about 600 million yuan. Funding is derived from own or self-financing, and does not involve raising capital. The project has completed land-related formalities and is progressing steadily. However, the project has risks such as construction progress and benefits falling short of expectations.

Hengxing New Materials announced that the relevant meeting of the third board of directors of the company reviewed and passed the subsidiary's investment project bill. Its two subsidiaries, Shandong Hengxing and Jiangsu Chenxing, are planning to launch separate production projects for natural organic estaric acid derivatives and new materials for special fine chemicals, with an estimated investment of about 600 million yuan. Funding is derived from own or self-financing, and does not involve raising capital. The project has completed land-related formalities and is progressing steadily. However, the project has risks such as construction progress and benefits falling short of expectations.