GHPC (01847) has successfully implemented the comprehensive utilization project of phosphogypsum (Phase I), which has been completed and put into operation.

GHPC(01847) announced that on November 28, 2025, the Anning year processing project of 1 million tons of phosphogypsum + 1 million tons of industrial solid waste green building materials industrial park (phase I) implemented by the group was officially put into operation. Phase I of the project is managed by Yunnan Construction Investment Phosphogypsum Comprehensive Utilization Industrial Technology Co., Ltd., including project construction management, equipment procurement management, product production management, product sales management, and daily production and operation management. Yunnan Construction Investment Phosphogypsum Company is jointly owned by the company and Yunnan Provincial Construction Investment Holding Group Co., Ltd. (Yunnan Investment) with 40% each, Yunnan Construction Infrastructure Investment Co., Ltd. holding 20%, and controlled by the company and consolidated into the group's financial statements as a subsidiary. The Anning phosphogypsum comprehensive utilization project (phase I) is built according to the standards of provincial-level R&D centers in Yunnan, with research and testing centers, and a smart control center to achieve fully automated production and security management. After the project (phase I) is put into production, it can produce 5,000 tons of road water stabilized materials, cement retarders, and harmless modified ecological restoration materials daily, as well as 500 tons of phosphogypsum artificial stone aggregates and concrete. At the production ceremony, Yunnan Construction Investment Phosphogypsum Company signed strategic cooperation agreements for raw material supply with multiple material suppliers and intention sales cooperation agreements for a total of 2 million tons of phosphogypsum cement retarder products with multiple cement companies.