Tongde Chemical intends to invest 3 million yuan for a wholly-owned company

Tongde Chemical Industry (002360) According to the company's development needs, the company plans to invest 3 million yuan in cash to establish Shanxi Tongde Anhuan Special Material Co., Ltd.

Basic Situation of Subsidiaries Established: Company Name: Shanxi Tongde Anhuan Special Material Co., Ltd., Company Type: Limited Company, Registered Capital: 3 million RMB, Residence: Damaokou, Jiao Weicheng, Wenbi Town, Hequ County, Shanxi Province, Business Scope: Research and Development, Production, Sale: Environmental Protection Materials, Water Purifier, Environmental Protection Establishment Special materials for equipment and fire fighting equipment, polyferric sulfate and its compound water treatment products; R&D and sales: environmental treatment agents, compound carbon sources, chemical products (excluding hazardous chemicals); sewage treatment; water treatment technology development; environmental protection facilities operation services; environmental protection engineering; logistics services (projects approved according to law, approved by relevant departments) Business activities can only be carried out in the rear. Legal representative: Zhang Xudong, date of establishment: July 22, 2019, business period: July 22, 2019 - July 21, 2039, ownership structure: Tongde Chemical Company has pledged 3 million yuan in cash, accounting for 100% of its registered capital.

The establishment of wholly-owned subsidiaries in this overseas investment is based on the needs of the company's development, from the perspective of expanding business development and optimizing the company's strategic layout, which has a positive impact on the company's long-term development, will not have a major adverse impact on the company's production and operation, and there is no situation that damages the interests of small and medium-sized shareholders.