On May 27, Hengguang Plastic (870236) recently announced that Kunshan Hengguang Plastic Co., Ltd.(hereinafter referred to as "Hengguang Plastic") plans to jointly invest with Chen Jun to establish Pulige New Materials Technology (Kunshan) Co., Ltd.(hereinafter referred to as "Pulige Company"), registered at No. 68, Shipu Songnan East Road, Qiandeng Town, Kunshan City, with a registered capital of RMB 5,000,000. Among them, Hengguang Plastic invested RMB 3 million, accounting for 60% of the registered capitalcryptotornadowemix.00%cryptotornadowemix; Chen Jun invested RMB 2 million, accounting for 40.00% of the registered capital. Specific company name, registered address, registered capital, business scope and other relevant information shall be subject to approval and registration by the local industrial and commercial administrative department.

Basic information of investment target:

Name: Priger New Materials Technology (Kunshan) Co., Ltd.

cryptotornadowemix|恒光塑胶拟投资300万设立普力格新材料科技(昆山)有限公司 持股60%

Registered address: No. 68 Songnan East Road, Shipu, Qiandeng Town, Kunshan City

Main business: Injection molding, mold manufacturing, primary form plastic and synthetic resin manufacturing (excluding monitored chemicals and dangerous chemicals); plastic film manufacturing; plastic plates, pipes and profiles manufacturing; manufacturing and sales of plastic particles, plastic products, plastic products and advertising materials; technical design and research and development of new materials; technology promotion services: technical services, technology development, technical consultation, technical exchanges, technology transfer, technology promotion; economic and trade consulting; sales of chemical products (excluding hazardous chemicals), wholesale of synthetic fibers; Building materials, hardware products, machinery and equipment processing, electronic products, daily necessities, security equipment, instruments and meters; import and export of goods, import and export of technology, import and export of agents.

Purpose of this foreign investment: The establishment of a holding subsidiary in this foreign investment is based on the company's overall future development strategy, which is conducive to the expansion of the company's business, improves the company's comprehensive competitiveness, creates greater value for shareholders, and promotes the company's long-term sustainability. development.

Possible risks in this foreign investment: The establishment of a holding subsidiary in this foreign investment is a prudent decision made by the company based on the overall future development strategy. However, there may still be certain market risks and operation and management risks, and the company will actively prevent and respond to relevant risks.

Impact of this foreign investment on the company's future financial status and operating results: The establishment of a holding subsidiary in this foreign investment will help improve the company's ability to continue operations and comprehensive competitive advantages, and is conducive to the company's long-term development. It is expected to have an impact on the company's future financial status and operating results will have a positive impact.

According to data from Digbei.com, Hengguang Plastic is a company mainly engaged in the research and development, production and sales of various plastic sheets, plastic rolls (material tapes) and PET sheets. The main downstream industry of the company's products is the plastic packaging product manufacturing industry.