Shida Shenghua (603026.SH) subsidiary plans to invest in the construction of a 12,000-ton/year additive project.

Zhitong Finance APP news, Shida Shenghua (603026.SH) announced that its wholly-owned subsidiary Shenghua New Energy Technology (Dongying) Co., Ltd. (referred to as "Dongying Company") plans to invest in the construction of a 12,000 tons/year additive project. The project includes the construction of a new 12,000 tons/year lithium fluoride production facility along with supporting on-site equipment room and a multi-story finished product warehouse. The total investment expected for project approval is 286 million yuan, with a construction investment of 282 million yuan. The project location is 198 Tongxing Road, Kenli District, Dongying City, Shandong Province, and the construction period is 12 months.