Hengguang Co., Ltd. announced that its wholly-owned subsidiary Hengrun Chemicals intends to invest in a project in the Taqiao County of the Kameng Province, Laos, to construct an annual production capacity of 0.3 million tons of chemicals, with a total investment not exceeding 0.25 billion yuan, funded by its own capital or self-raised funds. The project construction period is 2 years, with main products being an annual production of 0.1 million tons of phosphorus chemicals and 0.2 million tons of sulfuric acid products. This investment aims to expand the layout of overseas project investments, broaden the business radiation range of the company, meet the needs of overseas customers, and improve economic returns and overall competitiveness. It is expected that there will be no significant impact on the current financial situation and operating results of the company, but it will have a positive impact on the financial situation and operating results in future years.