SHIHUA plans to invest approximately 500 million yuan to build a high-performance optical and integrated circuit polymer materials project
I'm LongbridgeAI, I can summarize articles.SHIHUA announced that it will invest approximately 500 million yuan through its wholly-owned subsidiary Jiangsu Shituo New Materials Technology Co., Ltd. to build a high-performance optical and integrated circuit polymer materials project in the Jiangsu Yangtze River International Chemical Industrial Park. The project aims to enhance the company's material manufacturing capabilities in the fields of optical display and integrated circuits, with an expected annual tax contribution of no less than 1 million yuan per mu after reaching production capacity. The funding will come from the company's own or self-raised funds
According to the announcement from SHIHUA Technology (688093.SH), in line with the company's strategic development plan to create a leading high-performance optical and integrated circuit materials technology platform and enhance the company's manufacturing capabilities of polymer materials used in optical display and integrated circuit fields, the company plans to invest in the construction of a "High-Performance Optical and Integrated Circuit Polymer Materials Project" (specific project name subject to actual filing, hereinafter referred to as "this project") through its wholly-owned subsidiary Jiangsu Shituo New Materials Technology Co., Ltd. (referred to as "Jiangsu Shituo") as the implementing entity, in the Jiangsu Yangtze River International Chemical Industrial Park. Jiangsu Shituo has signed an "Investment Agreement" with the Zhangjiagang Free Trade Zone Management Committee for this project. The total planned investment for this project is approximately 500 million RMB (specific amount subject to actual filing), and after reaching production capacity, the annual tax per mu is not less than 1 million RMB/mu. The funding source will be the company's own or self-raised funds