Shipu Testing announced that on July 31, 2026, the company held a board of directors to review and pass the foreign investment bill, agreeing to establish a new wholly-owned project company under the wholly-owned Sun Company in Wuxi to invest RMB 100 million in an electronic-grade high-purity red phosphorus project with its own capital or self-financing. The construction period of the project is about 24 months, progressing in three phases, and pre-approval procedures by relevant departments are still required.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.