Qiaoyuan Co., Ltd. announced that it plans to sign an Investment Promotion Agreement with the People's Government of Yantan District, Zigong City, to invest in and construct an integrated project for fluorine-containing high-purity electronic specialty gases and supporting materials. The project will be implemented by a newly established wholly-owned subsidiary, with a total estimated investment of 3.158 billion yuan, to be constructed in three phases. The first phase involves an investment of approximately 669 million yuan. For the second and third phases, the company and the implementing entity will independently determine the construction commencement and investment arrangements based on the operation of the first phase.
