Subsidiary of Hunan Haili Chemical Industry (600731.SH) intends to participate in the bidding for a land parcel located in the Yongxing Economic Development Zone with a maximum investment of 55.01 million yuan.

Announcement from Hunan Haili Chemical Industry (600731.SH): The company's wholly-owned subsidiary, Hunan Haili Chemical Industry Yongxing Technology Co., Ltd. (referred to as "Haili Yongxing Company"), plans to use a total of no more than RMB 55.0135 million in self-raised funds to participate in the bidding process to purchase the land use rights for two projects in the Yongxing Base in Xiangyin Chemical Industrial Park, Yongxing Economic Development Zone, Chemzo City. This matter is aimed at meeting the land requirements for the new projects to be constructed by the company's wholly-owned subsidiary, Haili Yongxing Company, in Yongxing, Chenzhou.