Nanjing Julong Huizhou invests 110 million yuan in building a production line for modified plastics with an annual output of 60,000 tons

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The announcement states that in order to further expand its market in South China, provide better services to customers in that region, improve the company’s ability to respond to market demands and its overall competitiveness, and enhance its strategic layout, Nanjing Julong plans to establish a wholly-owned subsidiary in Huizhou City, Guangdong Province, with a registered capital of 30 million yuan. An investment of 110 million yuan will be made to build a production line capable of manufacturing 60,000 tons of modified plastics per year. Information on the subsidiary: Company name: Huizhou Julong New Materials Technology Co., Ltd. Company type: Limited liability company Registered capital: 30 million yuan Legal representative: Liu Shuyang Registered address: Huizhou City, Guangdong Province Business scope: General activities: Production of bio-based materials ； Sales of bio-based materials ； Manufacturing of high-performance fibers and composites ； Sales of high-performance fibers and composite materials ； Plastic products manufacturing ； Plastic products sales ； Magnetic material production ； Magnetic material sales ； Manufacturing of ecological environmental materials ； Production of new membrane materials ； Sales of new membrane materials ； Mold manufacturing ； Mold sales ； Research and development of new material technologies ； Manufacture of engineering plastics and synthetic resins ； Sales of engineering plastics and synthetic resins ； Synthetic Materials Sales ； Manufacture of graphite and carbon products ； Sales of graphite and carbon products ； Additive manufacturing ； Additive manufacturing equipment manufacturing ； Civil aviation materials sales ； Mechanical parts, component processing ； Sales of mechanical parts and components ； Manufacturing of glass fiber reinforced plastic products ； Sales of glass fiber reinforced plastic products ； Technical services, technical development, technical consulting, technical exchanges, technology transfer, technology promotion ； Import and export of goods ； Import and export of technology ； Import and export agency ； 3D printing services ； Sales of basic 3D printing materials ； Sales of additive manufacturing equipment ； Manufacturing of office equipment consumables ； Sales of office equipment consumables. (Except for projects that require approval according to law, business operations can be carried out independently in accordance with the law using the business license.) Shareholder information: Nanjing Julong contributes 30 million yuan from its own funds and holds 100% of the shares. Project Details: Project Name: Construction project for a production line capable of producing 60,000 tons of modified plastics per year. Implementing entity: Huizhou Julong New Materials Technology Co., Ltd. (provisional name). Main components of the project: It is planned to rent a factory space of 12,000 m² in Huizhou City, Guangdong Province, and purchase the main machinery and auxiliary equipment necessary for a production line capable of producing 60,000 tons of modified plastics per year. Investment amount: 110 million RMB. Construction period: 3 years. Sources of funding: registered capital, shareholder capital increases, self-financing, and other methods.