Group 1 - The company plans to establish a new project in Guangxi Qinzhou to optimize its industrial layout and enhance core competitiveness, with an investment of approximately 800 million yuan for the first phase of the project, which aims to produce 153,000 tons of polyolefin amine series products annually [2][5] - The investment decision was approved through a series of meetings held on July 3, July 21, and a subsequent shareholders' meeting, allowing the company to sign a project investment contract with the management committee of the China-Malaysia Qinzhou Industrial Park [3] - The company has signed an investment agreement with partners to establish Guangxi Xingxin New Materials Co., Ltd., which will implement the project, and has completed the necessary business registration [4] Group 2 - The contract signing marks a significant step in advancing the project, which is expected to leverage local geographical and raw material supply advantages, thereby expanding the company's circular economy industrial chain and enhancing profitability and market competitiveness [7] - The company intends to fund the project through its own or self-raised funds, maintaining a good financial status without significant debt, which is not expected to adversely affect its current operational and financial conditions [7]
绍兴兴欣新材料股份有限公司关于签署项目投资合同暨对外投资的进展公告