Huafeng Chemical announced that the company previously disclosed that it plans to invest 3.6 billion yuan to build a new material expansion project with an annual output of 200,000 tons of high-performance, low-carbonized, digitally intelligent spandex. Recently, the company has completed formalities related to part of the project's land use and obtained the “Real Estate Property Certificate of the People's Republic of China”, covering an area of 109,800 square meters and 45669.11 square meters; some land has not yet been acquired, and the company will continue to advance the progress of the project.

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