Changhong Hi-Tech announced that its wholly-owned subsidiary Changhong Biotech obtained the “State-owned Construction Land Use Rights Online Transaction Confirmation” on August 12, 2026 to bid for an industrial plot in Luhu Street, Shengzhou City for 1.67 million yuan. The land area is 33,000 square meters, and the concession period is 50 years. The plot will be used to build 50,000 tons/year of new high-end fiber elastomer materials and support the 100,000 tons/year PBAT black masterbatch plant project. The total planned investment of the project is about 630 million yuan, fixed asset investment is about 507 million yuan, and the construction period is 18 months.

Changhong Hi-Tech announced that its wholly-owned subsidiary Changhong Biotech obtained the “State-owned Construction Land Use Rights Online Transaction Confirmation” on August 12, 2026 to bid for an industrial plot in Luhu Street, Shengzhou City for 1.67 million yuan. The land area is 33,000 square meters, and the concession period is 50 years. The plot will be used to build 50,000 tons/year of new high-end fiber elastomer materials and support the 100,000 tons/year PBAT black masterbatch plant project. The total planned investment of the project is about 630 million yuan, fixed asset investment is about 507 million yuan, and the construction period is 18 months.