Xingxin New Materials: plans to invest 800 million yuan to build a first-phase project with an annual output of 153,000 tons of polyolefin polyamines series products.

Xingxin New Materials Announcement: The company plans to establish a wholly-owned or controlling subsidiary in the Qinzhou Industrial Park, China-Malaysia, to invest in and construct a first-phase project with an annual production capacity of 153,000 tons of polyamine series products. The project is planned to be implemented in three phases, with an investment of approximately 800 million yuan in the first phase, including fixed assets investment of approximately 720 million yuan and working capital of approximately 80 million yuan. The project construction period is to complete the project infrastructure design and approval within 4 months after obtaining the real estate registration certificate for the project site, start construction within 1 month after obtaining the construction permit, complete all construction within 18 months after starting construction, and complete equipment installation and commissioning within 3 months after completion of the project construction. The project mainly produces polyamine series products such as ethanediamine, diethylenetriamine, triethylenetetramine, piperazine, and tetraethylenepentamine. After the first phase of the project reaches full production, it is expected to achieve an annual output of 40,000 tons of ethylene amine series products.