Yongan Forestry's subsidiary plans to implement the Fujian Putian National Reserve Forest Construction Project (Phase I)

Yongan Forestry's wholly-owned subsidiary Zhonglin (Putian) Forestry Development Co., Ltd. plans to implement a national reserve forest construction project (Phase I) in Putian City, Fujian Province, covering an area of 150,000 acres, with an estimated total investment of 154 million yuan. The project is divided into a construction period of 8 years and an operational period of 22 years, with a projected timber production of 864,500 m3 at the end of the construction period and an annual carbon storage of 7,000 t. This project will optimize the company's forest resource structure, promote resource increment and operational efficiency, and support the company's "forest-board integration" strategy