Xingxin New Materials: The company has signed the "Project Settlement Agreement" with the Hangzhou Bay Shangyu Economic and Technological Development Zone Management Committee.

2026-03-30 11:45:08

Xinxing New Materials announced that the company has signed a “Project Settlement Agreement” with the Management Committee of Hangzhou Bay Shangyu Economic and Technological Development Zone, under which it plans to invest 555 million RMB to build an “Annual Production of 33,760 Tons of Electronic Chemicals Project.” The project is expected to have a construction period of 3 years, with fixed-asset investment of 378 million RMB. According to the agreement, the agreement must be approved by the company’s board of directors before it can formally come into effect. The company’s advance signing of the agreement is mainly based on the need for preliminary approval procedures for the project.

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