Zhongxin Co., Ltd. announced on January 6 that an overseas subsidiary will invest in a pulp molded tableware project with an annual output of 20,000 tons in the US. The company plans to establish a wholly-owned investment company with Thailand's Zhongxin Environmental Technology Co., Ltd. in the US, and plans to invest in a 20,000 ton pulp molded tableware project in Pennsylvania, USA through “Target Company A”, and operate as an independent wholly-owned company to carry out manufacturing and trading related businesses. The project plans to use “Thai Zhongxin”'s own capital for investment. The total investment amount is expected to be no more than 36 million US dollars. The actual investment amount will be based on the actual development needs of the company and the amount approved by the relevant government departments.

Zhongxin Co., Ltd. announced on January 6 that an overseas subsidiary will invest in a pulp molded tableware project with an annual output of 20,000 tons in the US. The company plans to establish a wholly-owned investment company with Thailand's Zhongxin Environmental Technology Co., Ltd. in the US, and plans to invest in a 20,000 ton pulp molded tableware project in Pennsylvania, USA through “Target Company A”, and operate as an independent wholly-owned company to carry out manufacturing and trading related businesses. The project plans to use “Thai Zhongxin”'s own capital for investment. The total investment amount is expected to be no more than 36 million US dollars. The actual investment amount will be based on the actual development needs of the company and the amount approved by the relevant government departments.