YUANLI Technology: Plans to invest 760 million yuan to build a project for the annual production of 25,000 tons of hindered amine light stabilizers

YUANLI Technology announced that its wholly-owned subsidiary Weifang YUANLI New Materials Co., Ltd. plans to invest 760 million yuan to construct a project for the annual production of 25,000 tons of hindered amine light stabilizers. The project is currently in the preliminary preparation stage and has obtained the investment project filing certificate. The planned construction period for the project is 18 months, with funding sourced from the company's own or self-raised funds. The implementation of the project will enrich the company's product variety of light stabilizers, enhance product scale and competitiveness, and meet the diverse needs of customers from different industries and of different sizes