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On the morning of June 30, the commencement ceremonies were held simultaneously for the nylon new materials project of Shandong Juhuisun New Materials Co., Ltd., and the projects related to downstream derivatives of propylene oxide and ethylene oxide at Shandong Yinuowei New Materials Co., Ltd. These two projects feature high investment intensity, a high level of technological sophistication, and strong driving capabilities; they will play a key role in pushing the nylon new materials and polyurethane industries in Linzi toward higher levels of sophistication, intelligence, and sustainability. Propylene oxide and ethylene oxide downstream derivatives project: Shandong Yino Wei New Materials Co., Ltd.’s project for producing 300,000 tons per year of propylene oxide and ethylene oxide downstream derivatives involves an total investment of 720 million yuan. The project will focus on the production of 130,000 tons per year of high-end functional polyether polyol products, 90,000 tons per year of high-end polymer polyol (POP) products, 50,000 tons per year of environmentally friendly polyurethane adhesives, and 30,000 tons per year of polyurethane flame retardant products. The nylon new materials project of Shandong Jihuisun New Materials Co., Ltd. involves a total investment of 2.66 billion yuan. The project primarily involves the construction of 20 polymerization production lines, with an annual production capacity of 500,000 tons of new nylon products; the first phase of the project will have a production capacity of 80,000 tons. Once fully completed, the facility will become the largest production base for new Nylon 66 materials in China. On November 3, 2022, Hangzhou Jihushun New Materials Co., Ltd. issued a announcement stating that it would raise 410 million yuan through the public issuance of convertible corporate bonds, to be used for a new nylon materials production project with an annual capacity of 124,000 tons. Use of Funds Raised: The total amount of funds raised through this public issuance of convertible corporate bonds is expected not to exceed 410,000.00 million yuan (including the principal amount). After deducting the issuance costs, the net amount of funds raised will be allocated entirely to investing in the following projects: