Suzhou Xingye Materials Technology (603928.SH): The project with an annual output of 200,000 tons of specialty phenolic resin is currently making progress.

Suzhou Xingye Materials Technology (603928.SH) disclosed a notice regarding abnormal fluctuations in stock trading. The company plans to invest in and build a project in Taixing Economic Development Zone of Jiangsu Province with an annual production capacity of 200,000 tons of special phenol formaldehyde resin. The investment amount is large, and there are many pre-approval procedures required. It will take a long construction period from construction to final production. Currently, the project is progressing.