According to Suotong Development's announcement, the company plans to invest in the construction of a centralized steam supply and energy-saving carbon materials project in Dongxing Industrial Park, Nandagang Management Zone, Huanghua City, Hebei Province, to build a project to utilize calcined coke and waste heat steam with an annual output of 300,000 tons. Beijing Suotong New Kinetic Energy Technology Co., Ltd. and Hebei Kaiyi New Material Technology Co., Ltd. plan to jointly increase the capital to Hebei Suotong Kaiyi Carbon Materials Co., Ltd., with a shareholding ratio of 55% and 45% respectively after the capital increase; the project is currently still in the early stages of preparation, and the total investment is expected to be no more than 550 million yuan.

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