Yuntianhua: Subsidiary plans to invest 1.857 billion yuan in the construction of a high-end formaldehyde resin project.

Yuntianhua announced that its wholly-owned subsidiary Tian Ju New Materials plans to invest 1.857 billion yuan to build a 100,000 tons/year high-end polyoxymethylene resin project. The company plans to invest 557 million yuan from its own funds, and the remainder will be solved through bank loans, etc. The project is expected to start construction in December 2026, with an expected investment return rate of 11.82%. The project has been approved by the board of directors and will be submitted to the shareholders' meeting for approval. There are risks associated with the project, including risks related to construction progress and income falling short of expectations, funding security, and technological processes.