Zhongyan Shares: Another project implemented, further investment in medical-grade PEEK for implant use

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On the morning of March 27, the launching ceremony for the new enterprises settling in the Taicang Shuangchen Innovation Valley of Xin Suo Workshop was held in Taicang, Suzhou. Four companies, namely Houhe Medical, Xinseng Semiconductors, Keourui New Materials, and Yuyin Precision, established their operations there. Among them, the Houhe Medical Project is invested and constructed by Jilin Zhongyan Polymer Materials Co., Ltd., a leading listed enterprise in the industry. The project aims to build modern production facilities for PEEK materials in the form of rods and sheets intended for medical use, along with supporting infrastructure. By introducing advanced international automated production equipment and precision testing instruments, an intelligent manufacturing system will be established to accelerate the development of a specialized industrial cluster focused on life sciences and health care within the park. Since its establishment, Zhongyan Co., Ltd. has invested a total of 120 million yuan in experimental expenses. It possesses multiple sets of polyether ether ketone synthesis equipment as well as over 150 devices for testing product performance, and has carried out nearly 10,000 experiments related to the synthesis of polyether ether ketone. At present, the \"thermal stability, batch consistency, color uniformity, and high purity\" of the capping polyether ether ketone products manufactured by Zhongyan have reached international standards, breaking the international technological monopoly and enabling industrial-scale continuous production. On March 28, Zhongyan Shares issued a statement stating that the company had completed the process of opening special accounts and signing supervision agreements related to the adjustment of some of the investment projects funded by the raised capital. According to the announcement, the company has changed the original name of the project from \"Innovation and Technology R&D Center Project\" to \"Houhe Medical Devices R&D Center Project\". The funds required for this project amount to 51.287 million yuan, and it will be implemented through its wholly-owned subsidiary, Jilin Province Houhe Medical Technology Co., Ltd. (hereinafter referred to as \"Houhe Medical\"). The funds raised as a result of this change (as of February 28, 2026, including returns from financial investments and interest on deposits) will be entirely used for the construction of new projects. This special account is intended solely for storing and using the funds raised for the \"Houhe Medical Devices R&D Center Project\", and it shall not be used for any other purposes. Looking back at historical data, Zhongyan Shares completed its initial public offering in September 2023, raising a total of 902 million yuan, with a net amount of 799.7 million yuan. The 51.287 million yuan related to this change accounts for approximately 6.41% of the net amount; the company states that this move is aimed at optimizing resource allocation and focusing on research and development in the field of medical devices.