Jiangsu Chengxing Phosph-Chemicals (600078.SH) subsidiary plans to invest 1.015 billion yuan in the construction of the Jiangyin Port project.

Jiangsu Chengxing Phosph-Chemicals (600078.SH) announced that, in order to optimize the company's regional layout, strengthen the phosphorus chemical industry, adhere to green environmental protection, promote transformation and upgrading, and considering the actual situation of the relocation of the company's Jiangyin plant, the company's wholly-owned subsidiary Chengxing Technology intends to sign an "Investment Cooperation Agreement" with the Lingang Development Zone to invest in and construct the Jiangsu Chengxing Phosph-Chemicals Jiangyin Lingang project in the Jiangyin Lingang Chemical Industrial Park. The total investment of the project is 1.015 billion yuan (including land listing fees). The investment and construction of the Jiangyin Lingang project by the company serve three purposes: firstly, the current relocation situation of the Jiangyin factory, where the existing products will be produced in the Jiangyin Lingang Chemical Industrial Park to ensure a smooth transition for customers and stable product delivery; secondly, to realize the company's diversified development strategy by accelerating the layout of high-purity, refined products, and actively expanding into new areas to accelerate the business transformation and upgrading; and thirdly, to continuously improve product manufacturing levels, enhance product competitive advantages, and further enhance the overall competitiveness of the company.