On May 14, Zhongyan Share disclosed its strategic initiative to allocate approximately 1.2 billion yuan towards the establishment of a cutting-edge, integrated project within the Yangtze River Chemical Industry Park, located in Zhangjiagang, Jiangsu Province. This ambitious venture aims to annually produce 10,000 metric tons of PEEK (Polyether Ether Ketone) polymer materials alongside 2,000 metric tons of PEEK raw materials. Once operational, the project is poised to substantially enhance the production capacity of PEEK materials and introduce in-house fluoroketone manufacturing capabilities, thereby slashing procurement expenses and further cementing the company's preeminent status in the market. However, it's important to note that this endeavor is contingent upon obtaining approval from the shareholders' meeting. Moreover, the acquisition of the project site will be subject to the rigorous "bidding, auction, and listing" process. Additionally, securing various administrative approvals is imperative, which may introduce an element of uncertainty to the project's timeline and execution.