On November 15, Gelonghui announced that cecep techandecology&environment (300197.SZ) has agreed to sign the "Investment Cooperation Agreement on Comprehensive Construction Operation Project of Ningguo Chemical Industry Park" and its supplementary agreement with Anhui Xingang Chemical Industry Co., Ltd. (referred to as "Anhui Xingang Chemical Industry"). Both parties will jointly invest to establish "Anhui Ningguo Chemical Industry Park Investment Construction Co., Ltd." (provisional name, subject to the specific registration by the industrial and commercial administration, referred to as "Ningguo Park Investment Company", "Joint Venture Company" or "Equity Joint Venture Company"), aiming to build a first-class chemical industry park through cooperation, integrate resources more effectively, enhance the level of the industry chain, strengthen the overall competitiveness of the park, and bring new development opportunities and economic growth points for both companies.

The registered capital of Ningguo Park Investment Company is 100 million yuan, with Anhui Xingang Chemical Industry contributing 70 million yuan, accounting for 70% of the registered capital of Ningguo Park Investment Company; cecep techandecology&environment contributes 30 million yuan, accounting for 30% of the registered capital of Ningguo Park Investment Company; cecep techandecology&environment and Anhui Xingang Chemical Industry will make phased contributions according to actual operational needs.