Chenghe Technology: Wholly owned subsidiary plans to invest up to 1.3 billion yuan to build high-frequency high-speed electronic materials and high-end auxiliary projects.

Announcement from Chenghe Technology: The company's wholly-owned subsidiary, Guangdong Chenghe Electronic Materials Co., Ltd., intends to invest in the construction of a high-frequency high-speed electronic materials and high-end additives project in Dongguan City, Guangdong Province. The total investment of the project will not exceed 1.3 billion yuan, with funding sources including but not limited to raised funds, self-owned funds, and bank loans. The project plans to produce 2500 tons of polyphenylene ether resin, 2500 tons of high-frequency high-speed flame retardants, and 20,000 tons of high-end synthetic talc, with a total land area of 141,000 square meters. This investment has been approved by the 17th meeting of the third board of directors of the company and does not require approval from the shareholders' meeting.