Core Viewpoint - Jiangsu Changqing Tree New Materials Technology Co., Ltd. is advancing the construction of a polymer new materials production base in Taizhou, with a total investment of approximately 3 billion yuan, which is expected to enhance the company's core competitiveness and optimize its product structure [1][4]. Project Overview - The Taizhou project (Phase I) will be located in the Health Industry Park of Taizhou High-tech Zone and aims to produce 80,000 tons of phthalic anhydride series products, 80,000 tons of phenol series products, and approximately 80,000 tons of other niche polymer new materials, with a total planned capacity of about 240,000 tons [3]. - The construction period for the project is estimated to be 2 years [3]. Project Implementation Impact - The investment will be made in batches according to project progress and is not expected to affect the normal operations of the company. The project aligns with national and local industrial policies and the company's strategic development plan, which will positively impact the company's long-term development [4]. Project Progress - The project has received approval from the Taizhou Emergency Management Bureau for its safety facility design, indicating that all preliminary approvals, including energy evaluation, safety evaluation, and environmental evaluation, are complete, allowing construction to commence [2].

Project Overview - The company is constructing a polymer new material production base in Taizhou, with a total investment of approximately 3 billion yuan [2][3] - The project aims to produce 80,000 tons of phthalic anhydride series products, 80,000 tons of phenol series products, and 80,000 tons of other niche polymer new materials, totaling a planned capacity of 240,000 tons [3] Project Progress - The project has received approval from the Taizhou Emergency Management Bureau for its safety facility design, indicating that all necessary pre-approval procedures are complete [3] - The construction phase is set to begin as per the design progress, with a projected construction period of 2 years [3] Impact on Company - The investment will be made in phases according to project progress and is not expected to affect the company's existing business operations significantly [3] - The project aligns with national and local industrial policies and the company's strategic development plan, enhancing core competitiveness and optimizing product structure [3] Financial Considerations - The company's latest audited total assets are 2.556 billion yuan, and the project may impact cash flow and increase financial risks due to the investment [4] - The company plans to manage funds effectively to mitigate risks associated with cash flow and project execution [4] Risks and Challenges - Potential risks include project delays or changes due to market fluctuations, funding challenges, and uncertainties in construction management [4] - There are technical risks associated with the new technology that may affect the project's operational efficiency and expected outcomes [5]