Jiangsu Sanfame Polyester Material (600370.SH) plans to invest 100 million yuan in establishing a subsidiary in Jiangyin to engage in the business of recycled materials, green chemical new materials, and other products.

Jiangsu Sanfame Polyester Material (600370.SH) announcement: The company plans to invest 100 million yuan with its own funds to establish Jiangyin Jiangsu Sanfame Polyester Material Polymer Green Technology Co., Ltd., and hold 100% equity in it. The newly established Jiangyin Jiangsu Sanfame Polyester Material Polymer Green Technology Co., Ltd. intends to engage in the research and production of recycled materials, green chemical new materials, and other products.