【HaiChuan Chemical Project Updates】Jiangshan Co., Ltd.’s 22-billion-yuan phosphorus chemical circular integrated industrial chain project in Weng’an, Guizhou Province

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On the evening of October 10, Jiangshan Co., Ltd. issued a announcement stating that the company had signed an Intent Agreement on Investment Cooperation for the Phosphorus Chemicals Circular Integrated Industrial Chain Project with the People’s Government of Weng’an County in Guizhou Province and Wengfu Group. The total estimated investment for this project amounts to 22 billion yuan. The announcement states that Wengfu Group and Jiangshan Co., Ltd. are jointly investing in the development of a circular integrated industrial chain project based on phosphorus chemicals, with the planned location being the Fine Chemicals Park in Weng’an Economic Development Zone, Guizhou. In terms of the form of cooperation, Wengfu Group and Jiangshan Co., Ltd. will, either individually or jointly, establish multiple separate legal entities within the administrative planning area of Weng’an County in Guizhou Province, to serve as the entities responsible for project implementation; the respective equity ratios will be determined through further negotiation after a feasibility study of the project is completed.