According to Zhitong Finance App, Xinqian (02573) announced that on July 14, 2026, the buyer (Xinqian (Jingzhou) New Materials Co., Ltd., a direct wholly-owned subsidiary of the company) plans to purchase equipment (methanol distillation recovery device for the glycine project) from the seller (Jiangxi Pingxiang Deere Chemical Filler Co., Ltd.) for the company to build a glycine production base in Jingzhou, at a cost of RMB 20.5 million.

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