Gelonghui April 29 丨 Changjiang Materials (001296luckyjackpotresulttoday.SZ) announced that in order to further enhance the company's raw sand resource guarantee and enhance comprehensive competitiveness, the company's wholly-owned subsidiary Zhangwu Changjiang Mineral Processing Co., Ltd.(hereinafter referred to as "Zhangwu Mineral") plans to invest in a new project with an annual output of 3 million tons of scouring sand. The estimated total investment of the project is 300 million yuan.
Investment and construction of the above projects is based on the company's future developmentluckyjackpotresulttodayneeds. After the project is completed and put into operation, it will further enhance the company's ability to ensure the supply of raw sand resources, provide stable guarantee for the company's raw sand supply, and have a positive impact on the improvement of the company's core competitiveness, which is in line with the company's long-term development plan and the interests of all shareholders. The investment funds for this project come from the company and Zhangwu Mining's own funds or self-raised funds. The company will invest funds in stages according to the specific progress needs of the project. It will not have a material adverse impact on the company's financial status and operating results, and there will be no harm to the company and the interests of all shareholders
