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Polyshun announced that on September 18, 2020, the company reached a cooperation intention with the Tengzhou Municipal People's Government and Yankuang Lunan Chemical Co.
, Ltd.
on the research and development, production and sales of polyamide 6 chips in Tengzhou
.
Accordingly, Yankuang Lunan Chemical Co.
, Ltd.
and the company intend to jointly establish a joint venture company in Lunan High-tech Chemical Park, Tengzhou City, Shandong Province, to develop, produce and sell new nylon material products such as polyamide 6 chips
.
The signing of the cooperation agreement will not have a significant impact on the company's 2020 operating performance
.