XfmGroup(SH:603225) Ge Long Hui A P P·2025-12-12 11:43Core Viewpoint - The company plans to initiate a 360,000 tons/year functional fiber project in Egypt to enhance profitability and optimize resource allocation, marking a strategic move to establish an overseas base in response to current trade barriers and tariffs [1] Group 1: Project Details - The project will be developed by the company's wholly-owned subsidiary, Jiangsu Xintuo New Materials Co., Ltd., which has established wholly-owned subsidiaries in Hong Kong and Singapore [1] - The joint venture in Egypt, tentatively named New Fengming (Egypt) New Materials Co., Ltd., has a registered capital of 140 million USD, with Hong Kong Industrial holding 70% and Bess Road holding 30% [1] - The total investment for the project is approximately 280 million USD [1] Group 2: Strategic Rationale - Establishing an overseas base is deemed necessary for the company's development strategy, particularly to mitigate adverse factors such as trade barriers and trade wars [1] - The move to "go global" is considered an inevitable choice for companies and industries that have reached a certain stage of development [1]