Zhenyan Co., Ltd.: Plans to invest 1.2 billion yuan to build an integrated project for PEEK materials and raw materials.

China Industrial Research Co., Ltd. announced that the company plans to invest 1.2 billion yuan in the Yangtze River International Chemical Industry Park in Jiangsu to build a new integrated project with an annual production capacity of 10,000 tons of polyether ether ketone high molecular materials and 2,000 tons of PEEK raw materials. The company has also signed an "Investment Agreement" with the Zhangjiagang Free Trade Zone Management Committee of Jiangsu Province. The project is planned to cover approximately 160 acres of land, with an annual production capacity of approximately 10,000 tons of PEEK materials and 2,000 tons of fluoroketone after completion. This matter has been approved by the board of directors and still requires approval by the shareholders' meeting. The project faces risks such as land acquisition, approval, and fund raising.