On September 2, the groundbreaking ceremony for the acetic acid derivatives and high-end antioxidant project of Shanghai Fanghao Industrial Group Co., Ltd. was held in Qitaihe City, Heilongjiang province. Fei Jianming, Chairman of the Board of Directors of the Group, Wang Wenli, Secretary of the Qitaihe Municipal Party Committee and director of the Standing Committee of the Municipal People's Congress, Qu Hongbin, deputy director of the Standing Committee of the National People's Congress, He Shiqian, vice chairman of the CPPCC and other leaders, as well as Shi Guojian, chairman of Shanghai Electric Power New Energy Development Co., LTD., and Wu Jinhua, president of the New Energy Engineering Design Institute of China Power Construction Group South-Cent

Hou Yixin, Chairman and president of Fanghao Group, Qian Yankao, Standing Committee Member and Vice mayor of Qitaihe Municipal Committee, and Zhang Zonggang, chairman of Water Construction Company of Power Construction Group Zhongnan Survey, Design and Research Institute Co., Ltd. addressed the ceremony. Hou Yixin said that in a short period of 6 months, the cooperation with Qitaihe has gone from intention to substance and taken root, fully reflecting the efficiency of the Qitaihe Municipal Party Committee and municipal government. Fang Hao, as the main body of investment and construction, will strive to promote the early completion of the project. At the ceremony, Fei Jianming, chairman of the Board of Directors of the Group, and other leaders jointly pressed the starting ball and laid the foundation for the project.

The project is located in the fine chemical industry, with a planned investment of 1.45 billion yuan, and is expected to complete all kinds of acceptance and put into operation in 2025. After completion, it will form an upstream and downstream cooperative relationship with enterprises in the river Park.