Zhonghong Pulin Medical Products (300981.SZ) plans to invest in the construction of the first phase of the SEA1 production base, which includes 20 production lines for nitrile gloves.

Zhonghong Pulin Medical Products (300981.SZ) announced that the company held the sixth meeting of the fourth board of directors and the fifth meeting of the fourth supervisory board on February 26, 2025. The board approved the proposal for investing in the construction of a nitrile glove production line project. In order to implement the company's strategic adjustment plan, improve the efficiency of capital utilization, enhance comprehensive competitiveness, and effectively protect the interests of the company and investors, it was agreed to terminate the previous investment in the medical-grade glove project in Cangxi County, Sichuan Province, and to invest in the construction of the first phase of the SEA1 production base with 20 nitrile glove production lines (referred to as the "SEA1 project"). The total investment amount for this project is 1.092 billion yuan (or equivalent in foreign currency).