Investment Overview - Zhejiang Zhongxin Environmental Technology Group Co., Ltd. plans to establish a wholly-owned investment company in the United States through its subsidiary in Thailand, aiming to invest in a project for the annual production of 20,000 tons of pulp molded tableware in Pennsylvania [2][3] - The total investment amount is expected to not exceed $36 million, with the actual investment depending on the company's development needs and relevant government approvals [2][3] - The investment was approved by the company's board of directors on January 5, 2026, and does not constitute a related party transaction or a major asset restructuring [2][3] Purpose of Investment - The investment aims to enhance the company's international strategy, better meet customized customer needs, and expand its overseas business scale, thereby increasing its global market share and competitiveness [2][3] Company Structure in the U.S. - The investment will involve setting up a company (Company A) in Delaware and a project company (Company B) in Pennsylvania, both of which are yet to be established [3] Impact of Investment - This investment will improve the company's global layout, expand international business, and enhance its ability to respond to global macroeconomic fluctuations and potential adverse impacts from international trade dynamics [3] - The funding will come from the subsidiary's own resources, ensuring that existing operations remain unaffected and that there is no significant adverse impact on the company's financial status [3] Risk Management Measures - The company will establish a comprehensive management system to adapt to the U.S. business environment and monitor geopolitical and policy changes [5][6] - A professional team will be formed, combining internal recruitment and external hiring, to ensure compliance with U.S. laws and regulations [6] - Internal management will be strengthened to mitigate various risks during the development process [7] Board Meeting and Approval Process - The board meeting to approve the investment was held on January 5, 2026, with all nine attending directors voting in favor, resulting in a unanimous decision [10][11]
浙江众鑫环保科技集团股份有限公司关于海外孙公司对美投资年产2万吨纸浆模塑餐具项目的公告