Zhejiang Wansheng (603010.SH) intends to invest in the construction of a subsidiary company in Zhuhai to produce 25,000 tons of impact-resistant modified agents annually.

Zhejiang Wansheng (603010.SH) announced that its holding subsidiary Guangzhou Shengneng Innovative Materials Co., Ltd. (referred to as "Guangzhou Shengneng") intends to invest in the expansion of its wholly-owned subsidiary, Shengneng Innovative Materials (Zhuhai) Co., Ltd. (referred to as "Zhuhai Shengneng"), in Zhuhai, Guangdong. The project aims to increase the annual production capacity of 25,000 tons of impact-resistant modified agents. According to the announcement, the total investment amount for this project is expected to not exceed 162.13 million yuan. After the completion of the impact-resistant modified agent project, an additional production capacity of 25,000 tons/year of impact-resistant modified agents will be added, including 10,000 tons/year of ASA impact-resistant modified agents and 15,000 tons/year of MBS impact-resistant modified agents.