Jinghua New Materials invested 1 billion to build the southwest base and opened a number of new adhesive material production lines

Jinghua New Materials recently issued an announcement that according to the company's strategic layout, to further develop the company's adhesive materials sector, the company plans to sign the "Jinghua New Adhesive Materials Southwest Production Base Project Investment Agreement" and its supplementary agreement with the People's Government of Dongxing District, Neijiang City.
Dongxing Economic Development Zone, Neijiang City plans to invest in the construction of a new adhesive material (including electronic material) production line with an annual output of 100,000 square meters, a high-performance degradable paper-based new material production line with an annual output of 100,000 tons, and an annual output of 4 million square meters of graphene New thermal management material production line
.
The estimated total investment of the project is RMB 1,000 million, and the project is planned to be invested and constructed in three phases
.

In order to ensure the implementation of this project, the company plans to invest in the establishment of a wholly-owned subsidiary Sichuan Jinghua Adhesive New Material Co.
, Ltd.
(tentative name, the final name shall be subject to the approval of the industrial and commercial administrative department, hereinafter referred to as the "project company") as the project Implement the subject
.

The main content of the investment project:

Project Name: Southwest Production Base Project of Jinghua New Adhesive Materials

Project implementation body: Sichuan Jinghua Adhesive New Material Co.
, Ltd.
(tentative name, the final name is subject to the approval and registration of the Market Supervision Administration)

Source of funds: the company's own funds or self-raised funds

The specific investment amount and construction progress can be dynamically adjusted according to market conditions and the results of communication between the two parties
.

Project investment progress: At present, the project is in the planning stage, and the new land for the project has not been acquired, and the feasibility study has not been carried out.
There are still great uncertainties in the construction and implementation of the project
.

It is understood that in order to realize the company's strategic layout and in-depth industry layout in the field of adhesive materials, the company plans to establish a southwest production base project on the basis of the existing industrial layout, so that the company can realize the project in the Yangtze River Delta, the Pearl River Delta, and the central and western regions.
production capacity layout
.
The energy advantage possessed by the southwest region can further reduce the company's production cost, enhance the company's product competitiveness, and enhance the company's economic benefits and comprehensive strength
.
The source of funds for the company's external investment is the company's own funds or self-raised funds.
This investment is in line with the company's development strategy and will not adversely affect the company's financial and operating conditions.
There are circumstances that damage the interests of the company and shareholders
.
This investment is a long-term investment.
After the signing of the agreement, it is still necessary to complete the process of industrial access, environmental impact assessment, safety review and land transfer.
The project investment and capital expenditure will be based on the strategic plan, business plan, and project progress.
, Step-by-step implementation will not affect the normal development of the existing main business, and there is no situation that damages the interests of the listed company and all shareholders
.

Jinghua New Materials

Jinghua New Materials aims to become "the world's leading provider of products and product solutions in the adhesive material industry", relying on the vertical integration capability of the industry chain, the "embedded" R&D system with high investment, and the continuous deepening of complex coating processes It is understood that the company's product line has been continuously upgraded and innovated.
The product line covers five categories of industrial adhesive materials, electronic adhesive materials, functional film materials, special paper, and new chemical materials, which are widely used in home improvement, automobile manufacturing and automobile beauty.
, electronic and electrical product manufacturing, new energy lithium batteries, stationery, packaging, shoe materials, aviation high-speed rail, medical and health supplies,
etc.