Red Sifang announced that the company's holding subsidiary Zhongyan Red Jindian signed a “Project Investment Framework Agreement” with the Suizhou High-tech Zone Management Committee on May 20, 2025 to build a new production base in the Suizhou High-tech Zone. The total planned investment of the project is about 1.49 billion yuan, and no formal investment agreement has yet been signed. Due to differences between the two sides over the asset assessment value of the old factory area of Zhongyan Red Jindian, etc., the assets of the old factory area could not be properly resolved. The two sides signed a supplementary agreement on November 4, 2026. The agreement to invest 1.49 billion yuan in the original framework agreement to build the “New Chemical Materials and New Fertilizer Industrial Park Project” was terminated, and the two sides did not pursue liability for breach of contract.

Red Sifang announced that the company's holding subsidiary Zhongyan Red Jindian signed a “Project Investment Framework Agreement” with the Suizhou High-tech Zone Management Committee on May 20, 2025 to build a new production base in the Suizhou High-tech Zone. The total planned investment of the project is about 1.49 billion yuan, and no formal investment agreement has yet been signed. Due to differences between the two sides over the asset assessment value of the old factory area of Zhongyan Red Jindian, etc., the assets of the old factory area could not be properly resolved. The two sides signed a supplementary agreement on November 4, 2026. The agreement to invest 1.49 billion yuan in the original framework agreement to build the “New Chemical Materials and New Fertilizer Industrial Park Project” was terminated, and the two sides did not pursue liability for breach of contract.