Securities Code: 002312 Securities Abbreviation: Chuanfa Longsheng Announcement No.: 2026-009 Sichuan Development Longsheng Co., Ltd. Announcement on the Investment and Construction of the Phase II Extension Project of Baitzhu Phosphate Mine Block I North Section by Wholly-owned Subsidiary Hubei Longsheng Phosphorus Chemical Co., Ltd. The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and there are no false records, misleading statements, or major omissions.
I. Investment Overview
- To further ensure the stable supply of upstream phosphate rock resources, Sichuan Development Longsheng Co., Ltd. (hereinafter referred to as the "Company"), through its wholly-owned subsidiary Hubei Longsheng Phosphorus Chemical Co., Ltd. (hereinafter referred to as "Hubei Longsheng Phosphorus"), plans to invest RMB 120 million in the Phase II extension project of the Baitzhu Phosphate Mine Block I North Section, in accordance with its strategic development and production and operation needs.
- The Company held the seventh meeting of the Development Planning Committee of the Seventh Board of Directors on March 20, 2026, and the eighteenth meeting of the Seventh Board of Directors on March 27, 2026, which reviewed and approved the "Proposal on the Investment and Construction of the Phase II Extension Project of Baitzhu Phosphate Mine Block I North Section by Hubei Longsheng Phosphorus Chemical Co., Ltd.". This investment matter is within the scope of the Board of Directors' approval authority and does not require submission to the Company's shareholders' meeting for deliberation.
- This investment matter does not constitute a related party transaction, nor does it constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies".
- This project may involve technical risks, market risks, engineering risks, social risks, etc., and there is a certain degree of uncertainty regarding the construction period and construction results. The Company will fulfill its information disclosure obligations in a timely manner in accordance with relevant laws, regulations, and normative documents, based on the progress of the investment. We kindly remind investors to invest rationally and be aware of investment risks.
II. Basic Information of the Investment Entity
- Company Name: Hubei Longsheng Phosphorus Chemical Co., Ltd.
- Legal Representative: Yang Haijun
- Enterprise Type: Limited Liability Company (Wholly Foreign-Owned Legal Person Investment or Holding)
- Registered Capital: RMB 400 million
- Date of Establishment: April 21, 2011
- Address: Group 1, Lianghekou Village, Maqiao Town, Baokang County, Hubei Province