B · Normal
[Red Sifang: Termination of the 1.49 billion yuan project investment framework agreement] On November 5th, Red Sifang (603395.SH) announced that the company's holding subsidiary Zhongyang Red Jingdian signed a supplementary agreement with the Suizhou High-tech Zone Management Committee to terminate the relevant agreement in the original framework agreement to invest 1.49 billion yuan in the construction of the "New Chemical Materials and New Fertilizer Industrial Park Project." Due to differences between the two parties in aspects such as asset appraisal value, the assets of the old factory area could not be properly resolved. After friendly negotiation, it was decided to terminate the contract, and the two parties would not hold each other accountable for breach of contract. This termination will not have a significant adverse impact on the company's production, operations and financial status.
A-share announcement express 🕐 2026-11-05 17:56

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