Sanfang Lane: Green and Multi-functional Bottle Chip Project with an annual output of 1.5 million tons put into production.

The announcement of Sanfang Alley states that the company publicly issued convertible corporate bonds "Sanfang Convertible Bonds" to raise funds for investment projects, one of which is the "Annual Production of 1.5 Million Tons of Green Multi-Functional Bottle Chip Project". This project is being implemented by the wholly-owned subsidiary, Jiangsu Xingye Plasticization Co., Ltd., and is scheduled to start production in the near future. The project utilizes advanced production technology and equipment, with two sets of the largest 750,000 tons/year PET polymerization units, which can effectively improve production efficiency, reduce energy consumption, and minimize emissions, aligning with the production concept of green and environmental protection.