Kim Jung-dae: The subsidiary's treatment of phosphogypsum inventory is expected to create an estimated liability of 4.3 billion yuan.
King Zheng announced that Yunnan Zhongzheng Chemical Co., Ltd., a subsidiary of the company, recently received a government letter requesting the completion of the relocation and modification of two high-risk phosphogypsum storage facilities by the end of June 2027. Based on the principle of caution, the company plans to make a provision for an estimated liability of 430 million yuan and include it in the current period's income statement, expecting a decrease in current period profits of 430 million yuan. This matter still needs to be reviewed and approved by the shareholders' meeting, and the board of directors will be asked to authorize the management to handle specific matters.
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