Hengfeng Paper Industry: Plans to invest 349 million yuan in a new green printing project.

Hengfeng Paper Industry announced that in order to improve competitiveness in the tobacco field and promote diversified strategic layout, the company plans to invest 349.4881 million yuan in a new green printing project to produce 800,000 boxes of cigarette labels. The project is located on the west side of the company's existing factory area and is expected to have a construction period of 20 months. The project still needs approval for feasibility and environmental impact assessments. The company faces risks in policy, market, implementation, technology, etc., and will take corresponding measures to deal with them. This project was approved unanimously by the board of directors and does not require approval from the shareholders' meeting.