Xinyangfeng: plans to invest 1.15 billion yuan to build a 1 million ton/year specialized fertilizer project for new crops.

New Yangfeng announcement: The company plans to sign the "Huai Shang District Investment Promotion and Investment Project Investment Agreement" with the People's Government of Huishang District, Bengbu City, to invest in the construction of a 1 million tons/year special fertilizer project for new crops. This project includes 400,000 tons/year of high tower compound fertilizer, 400,000 tons/year of urea-based compound fertilizer, 150,000 tons/year of soil testing formula BB fertilizer, and 50,000 tons/year of high-end water-soluble fertilizer. The total investment of the project is expected to be 1.15 billion yuan, with an estimated fixed asset investment of 980 million yuan. The project construction period is approximately 12 months, with construction expected to begin before December 31, 2025, and completion and production before December 31, 2026. The project will occupy an area of approximately 322 acres, with about 266 acres designated for chemical use. Implementation of the project still requires approval and reporting by government departments, environmental impact assessment approval, and construction permits, among other pre-approval procedures, which may pose uncertainties.