HENGYUN GROUP announced that the company will invest no more than 353 million yuan to construct the Guangzhou International Hydrogen Energy Industrial Park hydrogen production project and establish a wholly-owned subsidiary, Guangzhou HENGYUN Hydrogen Energy Technology Co., Ltd. The project is planned to occupy an area of 4.41 hectares, with a total investment of 353 million yuan, of which the total static investment for the project is 345 million yuan. The construction content of the project includes two major components: methanol hydrogen production engineering and hydrogen energy industry innovation center engineering. The registered capital of the project company is 130 million yuan, with an initial registered capital of 60 million yuan, and subsequent capital contributions will be made in phases according to the progress of the project construction