Kaili Catalyst & New Materials (688269.SH) plans to invest in the construction of a hydrogenated nitrile rubber industrial project with a total investment of 350 million yuan.

Kaili Catalyst & New Materials (688269.SH) announced that in order to fully realize the market value of the company's proprietary catalytic materials and technological research and development achievements, and actively expand and extend the company's industrial chain, after multiple research evaluations, the company has decided to rely on the core catalyst and technology for hydrogenated nitrile rubber independently developed by its holding subsidiary Binzhou Kaitai as the implementing entity to construct a hydrogenated nitrile rubber industrial project. The total investment for this project is 350 million yuan, to be completed in two phases, with the first phase planned to invest 200 million yuan. The first phase is expected to construct a 1,000 tons/year hydrogenated nitrile rubber production line, while the second phase is expected to construct a 2,000 tons/year hydrogenated nitrile rubber production line. The announcement stated that if this project is successfully completed, an additional 3,000 tons/year hydrogenated nitrile rubber production line will be added. In addition, the construction of hydrogenated nitrile rubber product testing line and supporting public works and auxiliary production facilities will help increase the company's product capacity. This external investment will further consolidate and enhance the company's market position, provide new growth points for the company, strengthen the company's core competitiveness and overall risk resistance ability, ensure the company's sustainable and healthy development, in line with the company's long-term development plan and the interests of all shareholders.