Board of Directors Meeting of Anhui Liuguo Chemical Co., Ltd

Thread Content

Event overview: The 26th meeting of the eighth board of directors of Anhui Liuguo Chemical Co., Ltd. was held via correspondence on November 28, 2024, during which a number of resolutions were reviewed and approved. Important decision: Agree to liquidate and close down Liu Guo Yi Nong Technology Co., Ltd. Approve its wholly-owned subsidiary, Anhui Liuguo Ecological Agriculture Development Co., Ltd., to invest in establishing a wholly-owned subsidiary in Singapore, with a registered capital of 2 million US dollars; the scope of business shall include the import and export of industrial products such as fertilizers. It is agreed that the holding subsidiary, Hubei Huiyang New Materials Co., Ltd., shall make an investment to establish a joint venture aimed at building a resource center for the comprehensive utilization of phosphogypsum. The registered capital of this joint venture is 170 million RMB, of which Hubei Huiyang plans to contribute 113.22 million RMB, accounting for a shareholding ratio of 66.6%.