CNNC Titanium Dioxide: Invest 500 million yuan to establish a wholly-owned subsidiary

CNNC Titanium White announced that the company has invested in establishing Beijing Taiaohua Chemical Materials Co., Ltd. in Shunyi District, Beijing City, with a registered capital of 500 million yuan, and the company holds 100% of its shares. The investment aims to optimize resource allocation, improve industrial layout, and promote the healthy development of enterprises. Beijing Taihua has completed the industrial and commercial registration procedures and obtained a business license. The investment funds come from the company's own funds, which will not have an adverse impact on the company's financial and operating conditions, and is expected to have a positive impact on the company's future operating development.