Shengyuan Environmental Protection: Over 20 stores signed and opened nationwide

Securities Star News, Shengyuan Environmental Protection (300867) responded to investor questions on the investor relations platform on March 9.

Investor: First, congratulations on the increasing variety of Yuanqi Little Tree Taurine products! Can you introduce the progress of our company’s investment promotion and franchise store expansion this year? What is the progress of the 40,000-ton taurine raw material production? Has the transfer of the water company received government approval?

Shengyuan Environmental Protection Secretary: Dear investor, hello! The company is fully committed to building a new health industry centered on taurine raw materials and their derivatives. In terms of marketing, we are conducting media marketing online through “media e-commerce + social media matrix + traditional media,” and offline we have launched the MIS brand system and franchise manual. Nationwide agent recruitment activities are in full swing. As of now, over 20 stores have signed agreements and opened across the country. Additionally, the main structure and supporting buildings of the 40,000-ton annual capacity chemical drug (food) raw material taurine project have been topped out. The project has entered the equipment installation and interior decoration stages, with core facilities being installed intensively. We aim for early production; specific commissioning time will be announced via official updates. Regarding the sale of wastewater business assets, approval from the relevant local government departments is still required. The company is actively communicating with local authorities, and please stay tuned for updates in company announcements. Thank you for your attention.

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