Rianlon Corporation (300596.SZ) plans to establish fully-owned subsidiaries in Singapore and Malaysia to invest in research and development and production bases. The total investment will not exceed 300 million US dollars.

Rianlon Corporation (300596.SZ) announced that it plans to establish a wholly-owned subsidiary in Singapore, and through the Singapore subsidiary, set up a wholly-owned company in Malaysia. Ultimately, the Malaysian company will be the main entity for investing in and constructing a research and development production base. The Malaysian research and development production base will be used for the research and production of polymer materials, anti-aging additives, lubricant functional additives, and other products. The total investment amount will not exceed 300 million US dollars (including the principal or equivalent in other currencies), including but not limited to purchasing land, constructing the Malaysian research and development production base, and related matters. The actual investment amount will be subject to the final approval of the regulatory authorities.