Consolidate the main business. Zhejiang Wansheng(603010.SH) Shandong subsidiary plans to implement a project for the integrated production of 44,200 tons of high-end new materials per year.

Zhejiang Wansheng (603010.SH) announced that its wholly-owned subsidiary Shandong Wansheng New Materials Co., Ltd. (referred to as "Shandong Wansheng") plans to invest in and build an integrated production project with an annual output of 44,200 tons of high-end new materials at its production base in Weifang, Shandong. The total estimated investment amount for the project is not to exceed 215 million yuan. The project plans to utilize existing buildings and construct tank groups, unloading platforms, as well as add new production equipment such as reactors, distillation vessels, centrifuges, and heat exchangers. Once completed, the project will have an annual production capacity of 44,200 tons of high-end new materials. The project will be constructed in phases, with the first phase including 0.11 million tons of hexachlorocyclophosphazene, 0.2 million tons of hexaphenoxy-cyclotriphosphazene, 0.5 million tons of flame retardant AHP, 0.1 million tons of flame retardant ADP, 0.08 million tons of flame retardant ADP composite series, 0.2 million tons of TDCP flame retardant composite series products, 0.2 million tons of acrylic-modified epoxy resin, 0.015 million tons of short carbon chain polyamide elastomer, and 0.015 million tons of long carbon chain polyamide elastomer; the second phase will include 30,000 tons of phosphorus pentachloride. The project is expected to be built from March 2025 to May 2027. The announcement states that this project is an important measure for the company to strengthen its core business, cultivate new profit growth points, and enhance overall profitability. The project will also help the company optimize its product structure, improve its business layout, and align with its mid- to long-term strategic development plans.