Hengxin Life (301501.SZ) plans to invest no more than 505 million yuan to build a green and biodegradable product production base.

Zhtng Cijng APP News, Hngxn Shnghu (301501.SZ) announced that the company and/or its subsidiaries plan to invest in the construction of a green degradable products production base project in Changfeng County, Hefei City, Anhui Province with its own funds, bank loans or other financing methods. The total investment of the project will not exceed 505 million yuan. This investment will help the company improve its industrial layout and product structure, expand its business scale, meet customers' demand for green degradable products, and expand the production capacity of its advantageous products.