Zhitong Finance App News, Hongsifang (603395.SH) announced that the company's holding subsidiary Zhongyan Red Jindian Ecological Technology Co., Ltd. (“Zhongyan Red Jindian”) previously signed a “Project Investment Framework Agreement” with the Suizhou High-tech Industrial Development Zone Management Committee to build a new production base in the Youth Chemical Park in the Suizhou High-tech Zone, with a total planned investment of about 1.49 billion yuan.

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