Taihe Group plans to invest $150 million in Egypt to build a pesticide and fine chemical project.

Taihe Group Announcement: The 18th meeting of the 3rd Board of Directors of the company approved the proposal of "Proposal for Investing in the Construction of Pesticides and Functional Chemical Projects Overseas". The company agrees to invest not more than 150 million US dollars in Egypt to build pesticides and functional chemicals projects with its own and self-raised funds, with an expected construction period of 2 years. The total investment of the project is not more than 150 million US dollars, with funds coming from the company's own funds and bank loans. This project is in line with the country's "Belt and Road" development strategy, helping to improve the company's delivery efficiency and service response capabilities in overseas markets, optimize the company's production layout, and promote the enhancement of the company's core competitiveness and sustainable development capabilities.