On March 3rd, the holding subsidiary of Anhui Zhihong Purification Technology Co., Ltd., Jiangsu Tuoban Environmental Protection Technology Co., Ltd., officially started the "annual production of 300000 sets of water treatment equipment and accessories project". Xiong Zhi, Chairman and President of Anhui Zhihong Purification Technology Co., Ltd. Xiong Yansong, Deputy Director of Nantong National High tech Zone Management Committee Ye Hui, Deputy Director of Nantong Science and Technology Bureau Chen Yongxiang, Deputy Director of Nantong National High tech Zone Management Committee Bao Yunxiang, President of Tongzhou Branch of Bank of Nanjing Lu Jing, General Manager of Jiangsu Tuoban Environmental Protection Technology Co., Ltd. Zhao Huiyu, and Executive Vice President Long Changyu attended the commencement ceremony.

The annual production of 300000 sets of water treatment equipment and accessories project covers an area of 30 acres, with a first phase investment of 200 million yuan and a total investment of 500 million yuan. The first phase of the project is expected to be completed and put into operation by the end of August 2021. After the first phase is completed and put into operation, it can achieve annual sales of over 400 million yuan, annual profits and taxes of 80 million yuan. It is expected that after all the projects are completed, the sales revenue will reach 1-1.2 billion yuan, and annual profits and taxes will exceed 200 million yuan.

The completion of this project will enhance our company's leadership in the field of water treatment equipment and accessory materials, further consolidate our leading position in the segmented market, and lay a solid foundation for us to become the only supplier in the domestic and foreign water treatment equipment field capable of providing complete solutions for key core components such as "membrane components+membrane materials+specialized pumps".