Yangfan New Materials: Subsidiary Jiangxi Yangfan has completed rectification and has been approved to resume production
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Yangfan New Materials announced that its wholly-owned subsidiary Jiangxi Yangfan New Materials Co., Ltd. has completed rectification and has been approved to resume production on July 4, 2025. Due to violations of the Production Safety Law, Jiangxi Yangfan and its legal representative were fined 50,000 yuan and 40,000 yuan, respectively, and the fines have been paid. This fire accident is expected to have a certain impact on the performance for the year 2025
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