Participated in Sugon Lvhua, Donghua Technology entered the field of biodegradable materials

Today (July 14), Donghua Technology issued an announcement stating that in order to invest in the engineering business and obtain investment income, the company plans to invest 50 million yuan in cooperation with Anhui Shuguang Chemical Group Co.
, Ltd.
and Xinjiang Lvyuan State-owned Capital Investment and Operation Co.
, Ltd.
Invested in the establishment of Xinjiang Shuguang Lvhua Biological Technology Co.
, Ltd.
("Shuguang Lvhua"), and Suguang Lvhua invested, constructed and operated a 100,000-ton/year BDO co-production 120,000-ton PBAT project.
The construction period was about 26 months
.

According to the "Shareholders' Capital Contribution Supplementary Agreement", Sugon Lvhua has a registered capital of 1 billion yuan, of which: the company invested 50 million yuan in monetary funds, accounting for 5% of the equity; Anhui Suguang invested 65 million yuan in monetary funds, accounting for 65% of the equity ; Xinjiang Luyuan invested 300 million yuan in currency funds, and the equity accounted for 30%
.

The company has invested in the construction of this project in conjunction with Anhui Shuguang and Xinjiang Lvyuan, which can expand and strengthen the company's industrial sector, and has a positive significance in expanding the company's engineering business in this field
.