HBYH: Invest approximately 2.233 billion yuan to build a high-value utilization project for phosphorus and fluorine resources

HBYH announced that its wholly-owned subsidiary, Chuxing Ecological Technology Company, plans to invest in the construction of a high-value utilization project for phosphorus and fluorine resources, with a total investment of approximately 2.233 billion yuan. The project includes sulfuric acid production, wet-process phosphoric acid, refined phosphoric acid, high-end flame retardants, multifunctional compound fertilizer facilities, and supporting projects. The funding sources will be raised funds and self-raised funds, with an expected construction period of 18 months. The project aims to optimize resource allocation, release production capacity potential, and achieve high-value utilization of phosphorus and fluorine resources, aligning with the company's development plan for the phosphorus and fluorine chemical industry, and is expected to have a positive impact on the company's financial condition and operating results