MESNAC: Invests 308 million yuan in Panjin new materials project

MESNAC announced that the company has signed an "Investment Agreement" with the Management Committee of the Panjin Liaobin Coastal Economic and Technological Development Zone, planning to construct the Phase II Carbon Five New Material Extension Fine Chemical Project in Panjin, with a total investment of 308 million yuan, funded by the company itself for construction and operation. The project covers an area of approximately 100 acres and is scheduled to commence within five months after the agreement is signed, with a construction period of 24 months. Panjin Yikesi New Materials Co., Ltd., a wholly-owned subsidiary, will be responsible for project operations. The company stated that this investment aims to promote the development of the new materials business, enhance product added value and competitiveness, and will not have a significant impact on its financial condition