Three Gorges New Materials (600293.SH) subsidiary plans to invest no more than 199 million yuan to build the Hongyantou glass sandstone mine mining project.

Zhitong Finance APP News, Sanxia New Material (600293.SH) announced that, in order to improve the company's self-sufficiency rate of high-quality silica sand raw materials, further reduce production costs, ensure a continuous and stable supply of raw materials for the company's glass production lines, and improve the upstream layout of the glass industry chain, the company plans to invest no more than RMB 199 million (including the mining right auction price) through its wholly-owned subsidiary Sanxia New Material Silicon Industry (Yichang) Co., Ltd. (referred to as "Silicon Industry Company") to build the Hongyantou glass sandstone mine mining engineering project. After the project is completed, it will form an annual mining capacity of 2 million tons of glass sandstone ore raw ore, providing a stable guarantee of high-quality raw materials for the company's glass industry.