Yangnong Chemical plans toinvest more than 4.2 billion yuan to promote the construction of the northernbase project

the Chemical Industry Park in Huludao Economic Development Zone,where the project is located, belongs to one of the 31 key industrial parks forthe development of pesticide production capacity announced by the Ministry ofAgriculture and Rural Affairs, with good supporting conditions. Among them, the total scale of thenew project is 22,650 tons/year, and the construction scope of the projectincludes 4,500 tons/year insecticides, 8,050 tons/year herbicides, 3,100tons/year fungicides, and 7,000 tons of pesticide intermediates.

Yang Nong Chemical said that the investment inthe above major projects, is conducive to the expansion of the company'sdevelopment space, to achieve a balanced distribution of the company'sproductivity. It is helpful to further improve the production level of thecompany and make the company become the world's leading plant protectionsupplier. Yangnong Chemical ranked No. 2 inChina's top 100 pesticide sellers in 2022, according to data from the ChinaPesticide Industry Association. In 2022, YangnongChemical accelerated the release of new production capacity, seized thefavorable opportunities such as high product prices, achieved sales revenue of15.811 billion yuan, a year-on-year growth of 33.52%, the best operatingperformance in history; Net profit reached 1.794 billionyuan, up 46.82% year on year. The Company intends topay a cash dividend of 13.0 yuan (including tax) for every 10 shares to allshareholders, and give three bonus shares for every 10 shares to allshareholders with undistributed profit. A total of 403 millionyuan (including tax) will be paid as cash dividends, and 92,969,700 shares willbe distributed.

The annual report also shows that in 2022, the company's engineering projects were promoted in many places, "the northernbase project achieved a major breakthrough, the project site selection and landdelisting have been completed, Liaoning Youchuang Plant has been registered,the first phase product list has been approved, and the project feasibilitystudy report has been prepared. According to theresearch report released recently, Yangnong Chemical Youjia Phase IV and PhaseII project has the conditions for trial production, Liaoning Youchuang Phase Iproject follow-up construction, Yushi Qingshan technological transformation isprogressing smoothly, and capacity expansion opens the space for performanceincrement. At the same time, backed by thegiant Syngenta Group, the company deepens the advantage of "integration ofresearch, production and marketing" with the help of Sinochem Crops andAgricultural Research Corporation, and the company's equity incentive issteadily promoted to promote the long-term sustainable development of thecompany.