Zhitong Finance App News, Satellite Chemistry (002648.SZ) announced that on November 11, 2026, the company signed the “Xuwei New Area Investment Project Cooperation Agreement” with the East, Central and West Regional Cooperation Demonstration Zone (Lianyungang Xuxu New Area) Management Committee (hereinafter referred to as “Xuxu New Area Management Committee”). The company plans to register a project company in the Xuxu New Area to invest in the construction of new propylene and downstream high-end new materials projects, with a total project investment of about 20.7 billion yuan.

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