Core Viewpoint - Sichuan Meifeng Chemical Co., Ltd. plans to invest approximately 90 million yuan in the "Wellhead Flaring Gas Recovery Project" through its subsidiary, Sichuan Shuangrui Energy Co., Ltd. [2][3][8] Group 1: Investment Overview - The project aims to utilize the company's operational experience in the natural gas sector to expand its energy business and optimize its energy industry layout [7][16]. - The total planned investment for the project is about 90 million yuan, which accounts for 2.15% of the company's most recent audited net assets [8][14]. - The funding for the project will be sourced from the company's own funds [15]. Group 2: Project Details - The project will be located in Yanjing District, Ziyang City, and will involve the construction of a wellhead gas recovery facility with a processing capacity of 300,000 cubic meters per day [13]. - The construction period is estimated to be around 12 months, pending necessary approvals such as project establishment, environmental assessments, and safety evaluations [3][13]. - The project does not constitute a related party transaction or a significant asset restructuring [5][9]. Group 3: Company and Subsidiary Information - Sichuan Shuangrui Energy Co., Ltd. was established on May 7, 2013, with a registered capital of 120 million yuan, and is 51% owned by Sichuan Meifeng [10][11]. - The company’s business scope includes hazardous chemicals operation, gas operation, and oil and gas technology services [11].