Bai'ao Chemicals: Subsidiary plans to invest 2.19 billion yuan to participate in the collaboration research and development project of Da Shi Dai's dry etching equipment.

Bai'ao Chemical announced that its holding subsidiary, Suzhou Xinhui Lian's subsidiary, Foshan Xinhui Lian, plans to sign a cooperation agreement with a well-known domestic university, research institution, etc., to jointly develop the next generation dry etching equipment. Foshan Xinhui Lian, as the leading unit, plans to invest its own funds of 2.19 billion yuan. The announcement also warned of risks such as extended R&D periods, failure to achieve technical indicators, financial pressure, and failed outcome transformation.