Xingfa Group announced that Yidu Xingfa Chemical Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 1,436 billion yuan to build a 2 million tons/year phosphogypsum acid production project in Yidu Green Ecological Industrial Park. The construction period of the project is 8 months. After completion, the project treated 2 million tons of phosphogypsum and produced 790,000 tons of industrial sulfuric acid and 750,000 tons of cement clinker. The investment matter has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for consideration, it does not involve related transactions, and it does not constitute a major asset restructuring. There is a risk that the economic benefits of the project will not meet expectations. Investors are kindly requested to pay attention to investment risks.

Xingfa Group announced that Yidu Xingfa Chemical Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 1,436 billion yuan to build a 2 million tons/year phosphogypsum acid production project in Yidu Green Ecological Industrial Park. The construction period of the project is 8 months. After completion, the project treated 2 million tons of phosphogypsum and produced 790,000 tons of industrial sulfuric acid and 750,000 tons of cement clinker. The investment matter has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for consideration, it does not involve related transactions, and it does not constitute a major asset restructuring. There is a risk that the economic benefits of the project will not meet expectations. Investors are kindly requested to pay attention to investment risks.