Invest 200 million yuan! Shengqi Technology plans to build a project with an annual output of 50,000 tons of RPET, 15,000 tons of RPP, and 15,000 tons of RPE.

Jiangxi Shengqi Technology Co., Ltd. originally planned to invest a total of 64 million yuan to build an annual output of 5
10,000 tons RPET material project. Up to now, Shengqi Technology has completed the preliminary research work and the SP-3 Shipai Industrial Park, Xunwu County, Ganzhou City, Jiangxi Province
Purchase of land use rights, factories, office buildings and related ancillary facilities.

Project changes, increase investment

Recently, Shengqi Technology (839605) announced that in order to further enhance its comprehensive strength and promote industrial upgrading, it plans to change the aforementioned project into a plastic recycling project with an annual output of 80,000 tons. The total planned investment in the project is approximately
202 million yuan, including construction investment of 170 million yuan and initial working capital of 32 million yuan. After the project is completed and reaches production, it is expected to achieve an annual output of 50,000 tons of RPET materials and an annual output of 1.5
10,000 tons of RPP materials and an annual output of 15,000 tons of RPE materials.

Invest 8.8 million to establish 2 wholly-owned subsidiaries

Shengqi Technology (839605) also announced that due to strategic planning and business development needs, it plans to invest 8.8 million yuan each in Xunwu County, Ganzhou City, Jiangxi Province to establish two wholly-owned subsidiaries. The company name is proposed to be Jiangxi Shengzhiyuan Regeneration Resources Co., Ltd. and Jiangxi Shengyue Industry and Trade Co., Ltd.

Jiangxi Shengzhiyuan Renewable Resources Co., Ltd.

Main business: recycling and processing of recycled plastics, scrap metal, waste cotton yarn, waste cloth, waste polyester fiber, waste paper, and rubber, environmental protection technology development, environmental protection technology consultation, technical consultation in the field of renewable energy, and environmental protection technology promotion services. Processing of non-metallic scrap and debris, recycling of productive scrap metal, acquisition, sales, processing and disposal of scrap materials, defective and sluggish raw materials, clearance and over-storage materials, entrusted processing and sales of renewable resources as the main raw materials, daily Sales of general merchandise, knitted textiles, daily necessities, furniture, Wujijiaodian, chemical products, building materials, wood, steel, non-ferrous metals and non-ferrous metal rolled products, auto parts, heavy oil, iron powder, ferrous metals, Sales of chemical fiber raw materials and products, plastic raw materials and products, paper products, equipment leasing, information services, operation and management of freight yards, general freight, recycling and secondary utilization of new energy vehicle waste power batteries, solid waste management, loading and unloading, waste electrical and electronic products Treatment, hazardous waste management, import and export business, technology import and export.

Investment scale, method and shareholding ratio of each investor:

Jiangxi Shengyue Industry and Trade Co., Ltd.

Main business: research and development of new material technology,
New material technology promotion services, sales of surface functional materials, sales of ecological environment materials, sales of bio-based materials, sales of plastic packaging containers and tools for food, sales of plastic products, sales of packaging materials and products, 3D
Sales of printing basic materials, 3D
Printing services, resource recycling technology research and development, resource recycling service technical consultation, resource recycling material sales, stationery supplies wholesale, stationery supplies retail, office supplies sales, toys, animation and entertainment supplies sales, arts and crafts and ceremonial supplies sales, daily Sales of miscellaneous products, sales of labor protection products, sales of industrial textile products, sales of plastic additives, chemical raw materials, chemical products, sales of paper products, sales of rubber products, Internet sales, import and export of goods, import and export of technology.

Investment scale, method and shareholding ratio of each investor:

Jiangxi Shengqi Technology Co., Ltd. was established in May 2005. Its business scope includes the research and application of new 3D optical environmentally friendly materials, high-definition 3D stereoscopic imaging, and high-precision printing technology. It has advanced technology independently developed and replacing imported products. At present, the company has a complete range of optical materials (PET, PP), with wire numbers of 50, 70, 75, 100, 120, and 160, and thicknesses from 0.19mm to 0.9mm.