Fulin Precision: Subsidiary Jiangxi Shenghua invests 270 million yuan to establish a joint venture company for a new 500,000-ton annual production of ferrous oxalate project

Fulin Precision announced that its subsidiary Jiangxi Shenghua New Materials Co., Ltd. has signed a “Project Investment Cooperation Agreement” with Guizhou Dalong Huicheng New Materials Co., Ltd. to jointly establish a joint venture company for a new 500,000-ton annual ferrous oxalate project. The target company’s registered capital is 300 million yuan, of which Jiangxi Shenghua will contribute 270 million yuan, holding 90%; Dalong Huicheng will contribute 30 million yuan, holding 10%. The total estimated investment for the project is 1.5 billion yuan, with plans to complete and put into operation by September 30, 2026.