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Announcement by Luxi Chemical on the Investment in the First Phase of a Project to Produce 1.2 Million Tons of Bisphenol A Per Year. Author/Source: Energy & Chemical Industry News. Date: November 17, 2021. Clicks: 23. Announcement by Luxi Chemical Group Co., Ltd. on the Investment in the First Phase of a Project to Produce 1.2 Million Tons of Bisphenol A Per Year. The company and all members of its board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions. I. Overview of the Project Investment 1. At its 10th meeting of the eighth board of directors, held on December 23, 2020, Luxi Chemical Group Co., Ltd. (hereinafter referred to as “the Company” or “our Company”) approved the “Proposal on Proposed Investment Projects”. The Company plans to invest in the construction of a project for producing 600,000 tons per year of caprolactam and nylon 6, a project for producing 1.2 million tons per year of bisphenol A, and a project for integrated operations related to ethylene production at a capacity of 240,000 tons per year. These projects will be implemented in phases, thereby continuously improving the industrial structure of the park and enhancing the Company’s competitiveness and overall strength. For more details, please refer to the announcement issued by the Company on December 25, 2020, on the Juchao Information Network under the title “Announcement on Proposed Investment Projects” (Announcement No.: 2020-090). 2. On November 16, 2021, the company held the 19th meeting of its eighth board of directors, during which the resolution regarding the investment in the construction of the first phase of a project to produce 1.2 million tons of bisphenol A per year was approved. In light of the company’s product portfolio and market trends, the company plans to invest in building the first phase of this project, thereby extending and strengthening its production capabilities and enhancing its competitiveness and overall strength. In accordance with the Company’s Articles of Association and Article 9.2 of the Rules for the Listing of Shares on the Shenzhen Stock Exchange, once this proposal is approved by the company’s board of directors, it does not need to be submitted to the company’s general meeting of shareholders for approval. 3. This investment does not constitute a related-party transaction, nor does it constitute a major asset restructuring. II. Investor The project is carried out by our company, and its basic information is as follows: Company Name: Luxi Chemical Group Co., Ltd